Katasonov, D.A. State responsibility in the practice of the Project Complaint Mechanism of the European Bank for Reconstruction and Development

Abstract: The article regards the issues on finding the states responsible for the violations in the process of financing the projects from the European Bank for Reconstruction and Development. The EBRD, being one of the key regional financial institutions, provides credits for various projects, which are aimed on the development of the economies of the Member States. Usually several parties participated in such projects, they provide finances and implement these projects, or facilitate their implementation. The disputes, which arise in the process of such project implementation, call for the efficient dispute resolution mechanism. In order to meet these requirements the Project Complaint Mechanism (formerly the Independent Resource Mechanism) was formed. It is aimed to facilitate resolution of the disputes regarding implementation of the project, and to work with the complaints on violations of the EBRD norms. While the issues of bringing states to responsibility are not within the scope of its primary goals, the issue of holding states responsible for the violations of norms of international law appear in its practice regularly.

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