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Private Sector Development |
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Objective
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The stimulus to growth and investment,
after a long period of relative stagnation, will come from the creation of new
small businesses and foreign investment, from market expansion and from building
an efficient public and private infrastructure. The main objective is to create
a vibrant private sector exchanging goods and investing freely across borders
in a region itself integrated closely with the larger European and world economy.
Description
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The European Bank for Reconstruction
and Development (EBRD) as the lead agency in this field, has put together a comprehensive
programme, presenting those initiatives which have been agreed among IFIs as priorities.
Regional Private Sector Initiatives, as proposed by the EBRD, are divided into
two types of programs: the promotion of Cross Border Trade and Investment and
regional coverage of SME Support. The fist addresses large private projects which
promote inter and intra-regional commercial linkages and the second addresses
the need for broad access by SMEs to the full range of existing and planned support
programmes.
Implementation
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EBRD has been asked by the Stability
Pact and the High Level Steering Group for Donor Co-ordination in South Eastern
Europe to define and co-ordinate the international response under the Stability
Pact for the promotion of Regional Private Sector Initiatives. This is being done
in close cooperation with other IFIs, the EC and bilateral donors. The Bank will
periodically update the International Community and local authorities through
the office of the Stability Pact on developments in this field.
Key Contacts
Mr. Jean-Marc Peterschmitt, EBRD, Director, Albania, BiH, FYR Macedonia, Kosovo
Tel: +44 20 7338 6892
Fax: +44 20 7338 6599
Email: peterscj@ebrd.com
Mr. Laszlo Glatz, Expert WTII
Organization: Stability Pact Office
Tel: +32 2 401 87 28
Fax: +32 2 401 87 12
Email: laszlo.glatz@stabilitypact.org
Key Documents
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