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The EBRD Independent Recourse Mechanism review
24, pdf
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The EBRD Independent Recourse Mechanism review
Publisher: CEE Bankwatch Network
Date: June, 2008
Volume: 24 pages, pdf
Description
This is an updated version of the analysis of the EBRD Independent Recourse Mechanism (IRM) that was presented at the bank’s annual meetings in 2007. Since then, the EBRD has initiated the first review of the IRM and it has also processed the first complaint under the compliance review.
The fear that was expressed during the preparation of the IRM policy in 2003, that the mechanism would be overloaded with a lot of cases, has not materialised. In fact, the opposite has happened. Over the four years of its existence, the IRM has warranted one compliance review, three problem-solving initiatives and it has rejected seven complaints on the grounds of manifest ineligibility. In our view this low number of registered complaints results from structural restrictions built into the IRM. These include, most notably, the obstruction to NGOs and trade unions to file complaints to the IRM.