EBRD Focuses on Private Sector Projects in Slovakia

In its new strategy for Slovakia approved earlier this year, the European Bank for Reconstruction and Development will support small and medium enterprises, invest in energy efficiency and finance public-private partnerships in transport infrastructure.

All projects are expected to be in the private sector, the EBRD country director told Devex.

The bank does not set specific business volume targets per country but it is likely that the investments in Slovakia under the new strategy will exceed those of the past years, he said.

EBRD aims to reduce the gap between international and local companies by providing equity and other higher-risk products to local corporations, and make use of the facility for medium-sized projects to support expansion plans.

The bank will also assist products and institutions that provide financing for SMEs. It is exploring the possibility of supporting a private equity fund that focuses on start-ups.

As for infrastructure and energy, one of the goals is to increase the involvement of the private sector through PPPs. The bank will also provide assistance in the installation of new and replacement power generation capacity, and encourage the privatization of important infrastructure companies.

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