Strategy Development: The EBRD delivered a capital market development strategy for the Ministry of Finance in Poland and an equity market development strategy for the Capital Market Development Agency in Uzbekistan. These papers include short, medium and long-term targets as well as milestones and action items, supported by a detailed implementation plan that clearly describes the functions, roles and responsibilities of the relevant bodies. The Bank also supported the Georgian Stock Exchange to develop a business strategy in light of local capital market infrastructure consolidation and potential regional integration of stock exchanges.
Greener capital markets:
The EBRD strengthened its efforts to build green capital markets in order to support environmentally and socially sustainable economic system as well as to reorient capital flows towards sustainable investment. For Hungary, the Bank started to develop recommendations for sustainable capital markets covering both public and private sectors with a focus on green bond issuance. The Lithuanian authorities, with support from the Bank,also started to build a green capital market strategy and an action plan to facilitate a favourable ecosystem for sustainable investment.
Regulatory environment for fintech:
The EBRD supported the initiative of “e-Estonia” and is assisting the Estonian Financial Supervision and Resolution Authority in the design of a regulatory sandbox framework for fintech companies.
In addition, the EBRD invested in various debt instruments issued in Croatia, Egypt, Greece, Hungary,Poland, Romania,
Serbia,Slovak Republic and Slovenia in 2019.
Established: 1991
President: Sir Suma Chakrabarti
Address: One Exchange Square, London EC2A 2JN,
United Kingdom
Website: www.ebrd.com
Yearbook 2019
93
Market transparency: Investors require transparent and reliable information in order to consider entering new markets or investing in new companies. Data availability is one of the main challenges faced by potential investors in the EBRD regions. The Bank is addressing this issue with its annual Investor Base Study and the provision of investment research for selected SMEs listed on the local stock exchanges in Bulgaria, Croatia, North Macedonia, Romania, Serbia and Slovenia.
About The European Bank for Reconstruction and Development