The European Bank for Reconstruction and Development meets the state: a post-pandemic compromise
欧州復興開発銀行と国家の対峙：パンデミック後の妥協 (AI 翻訳)
Stepan Verkhovets, Seçkin Köstem
🤖 gxceed AI 要約
日本語
本論文は、欧州復興開発銀行（EBRD）のパンデミック対応を分析し、危機がグリーンインフラ融資における国家のリスクテイカーとしての役割を受け入れる方向への転換を加速させたと論じる。新自由主義と国家資本主義の融合が、開発金融レジーム複合体の中で進行している。
English
This paper analyzes the EBRD's response to the Covid-19 pandemic, arguing that the crisis accelerated a shift towards accepting the state as a risk-taker in financing green infrastructure. It finds a fusion between neoliberalism and state capitalism within the development finance regime complex, leading to a post-pandemic compromise.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本のGX文脈では、JBICやJICAなどの開発金融機関がグリーンインフラ事業における官民連携を模索する上で、本論文の示唆は参考になる。特に、危機が国家の役割再定義を促した点は、日本の政策立案にも応用可能。
In the global GX context
Globally, this paper contributes to understanding how multilateral development banks are adapting to the transition finance agenda, offering insights for ISSB and climate finance discussions on the evolving role of public-private partnerships in green infrastructure.
👥 読者別の含意
🔬研究者:Researchers in development finance and climate policy can use this to understand institutional shifts in MDBs' green financing strategies.
🏢実務担当者:Practitioners at development banks and infrastructure firms can gain insights into the evolving role of state guarantees and risk-sharing in green projects.
🏛政策担当者:Policymakers at national and multilateral levels can note the post-pandemic compromise as a model for balancing private sector discipline with state intervention in climate finance.
📄 Abstract（原文）
Since its establishment in 1991, the European Bank for Reconstruction and Development (EBRD) has been a champion of neoliberal transition and private sector financing in the post-communist world. With the decline of the Washington Consensus paradigm, the emergence of China as a powerful global development actor, and the rise of state capitalism, multilateral development banks have begun to adjust their policies to the changing environment reconsidering the role of the state. This article conceptualises the Covid-19 pandemic as an external shock that has accelerated this process. Analysing the EBRD’s response to the pandemic, we argue that the crisis has pushed the EBRD to redefine the state’s role, accepting it as a risk-taker in financing green infrastructure projects. Using historical institutionalist lenses, we find that the undergoing fusion between neoliberalism and state capitalism within a relatively coherent development finance regime complex is leading the EBRD to a post-pandemic compromise: the Bank maintains its commitment to private sector financing and simultaneously engages with states aiming to support the funding of sustainable infrastructure.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1080/01436597.2025.2581216first seen 2026-06-19 04:32:21
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