System upgrade: Delivering the digital dividend Our report explores how advanced digitalisation has affected the economies where we invest. The digitalisation process is destined to continue and will remain one of the key forces shaping developments around the world – including in the EBRD regions. It is therefore quite fitting that this year’s Transition Report is devoted to that subject. It explores the size of the digital divides in EBRD countries, the digital infrastructure and its link to firm performance, teleworking, artificial intelligence and the labour force as well as fintech and banks in transition. The report also introduces a financial market development index, and features the regular analysis of structural reform. Speakers: Toomas Hendrik Ilves is an Estonian politician who served as the fourth president of Estonia from 2006 until 2016. Daron Acemoğlu is an MIT Institute Professor of Economics. Dina Matta is the EBRD Vice President, Chief Transformation Officer. Oleksandr Bornyakov is Deputy Minister at the Ministry of Digital Transformation of Ukraine. Beata Javorcik is the EBRD Chief Economist and Professor of Economics at the University of Oxford.