EBRD adopts new strategy for Croatia to support country's further development.

By bne IntelliNews May 12, 2010
The European Bank for Research and Development adopted a new strategy for the country, which aimed to support the country's further development and the anticipated EU accession, addressing the key needs of the economy. The strategy acknowledges the continued progress on structural and institutional reforms, which were important in the EU accession talks, and outlined the remaining institutional and economic challenges in the pre-accession challenges. The bank planned to continue to promote the development of the enterprise sector by financing investments to improve competitiveness and to support the regional expansion of companies through various financing tools, including loans, trade finance facilities and equity investments. In addition it will promote the energy efficiency projects. The EBRD will encourage foreign direct investment via risk sharing tools, by supporting investments in tourism and the development of agribusiness. The EBRD had already invested above EUR 2.2bn in the country's economy and mobilised additional investments of about EUR 3.4bn.

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