In providing assistance to its member countries in their transition
to market economies, the European Bank for Reconstruction and Development
(EBRD) contributes to their progress towards democracy and the rule
By regularly debating the activities of the EBRD, the Parliamentary
Assembly provides a parliamentary oversight of the Bank's operations.
The expansion of the EBRD's activities to the countries of
the southern and eastern Mediterranean (SEMED) is to be welcomed;
the experience of the EBRD in helping countries to make the transition
to open market economies can be of valuable assistance also in that
It is regrettable that many of the EBRD's countries of operations
do not seem to be committed to, and are not applying, principles
of multiparty democracy and pluralism. It is proposed that the Assembly
assist the Bank in a more effective implementation of the EBRD's
new methodology to assess the compliance of its countries of operations
with the political aspects of its mandate.