Mandate management: a field theory approach to the EBRD’s adaptive practice in Egypt
Journal: Review of International Political Economy
Year: 2023

The European Bank for Reconstruction and Development (EBRD) was created in the early 1990s to promote the transition to a market economy and advance democracy in the post-communist countries of East Central Europe. How and why did this international organization, established for an entirely different purpose, then become an active investor in Egypt? Building on field theory, we explain the EBRD’s move to Egypt as an attempt to overcome the hysteresis effect of its anachronistic operational logic