EBRD approved in November 2018 a new strategy for its Local Currency and Capital Markets Development (LC2) initiative. The strategy sets an overall objective to promote more efficient and self-sustaining financial markets through the development of local capital markets and broader use of local currency.
The LC2 initiative is mandated with a special objective to concentrate its efforts to increase the share of EBRD investments in local currencies and to identify and support sequenced reforms in local and regional capital markets based on defined priority areas.
EBRD’s broader transition concept implies that a well-functioning market economy should be more than just a set of markets; it should be competitive, inclusive, well-governed, environmentally friendly, resilient and integrated.
LC2 contributes to each of EBRD’s six transition qualities, as mentioned in a newly adopted LC2 Strategy, by:
- Making economies more resilient
- Increasing competition through broader and more inclusive access to capital
- Helping to improve governance through rules and disclosure of regulated markets
- Integrating the financial systems in EBRD countries to regional and global markets
- Promoting capital market instruments or green finance.
The European Bank for Reconstruction and Development (EBRD)
Federation of Euro-Asian Stock Exchanges
Mr. André Küüsvek
Director, Local Currency and
Capital Markets Development (LC2), EBRD
"Associations like FEAS has a great role to play. Giving a platform to talk to each other and learn from each other. Disseminate an information. And also creating a collective opinion as to what it takes to have the markets thrive."
Priority Areas of LC2’s activities are covering policy framework, legal and regulatory environment, capital market infrastructure, product range and investor base (follow the link to see to the Investor Base of Securities Markets in the EBRD Region). CLICK HERE
LC2 Strategy 2019-2024
CLICK HERE
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