By Olga Rosca
The EBRD’s Board of Directors has approved a new strategy for Romania today which will guide the Bank’s investment and policy engagement in the country during the next five years. The EBRD work will include measures in response to the ongoing coronavirus crisis and efforts towards economic recovery.
The Bank is a major investor in Romania and combines investments with support for reforms that help improve the business environment in the country and mobilise investment from other sources. To date, the EBRD has invested almost €8.7 billion(US$9.42billion) in the Romanian economy.
In the period from 2020 to 2025, the EBRD’s investments and policy work will support:
- Sustainable infrastructure and regional development;
- Productivity by helping private companies expand and improve workforce skills;
- Financial intermediation and further development of capital markets.
EBRD Regional Director for Romania and Bulgaria, Mark Davis said: “The EBRD is well placed to support the modernisation of the Romanian economy, including helping the country overcome the impact of coronavirus outbreak. We will channel investment into the areas where Romania needs the most support: building infrastructure, especially in the regions; boosting private sector productivity; and further developing the financial sector and capital markets.”
