The European Bank for Reconstruction and Development (EBRD) on Friday unveiled what it called its country strategy for recession-plagued Greece, with its board identifying several key areas for investment.
The European Bank for Reconstruction and Development (EBRD) on Friday unveiled what it called its country strategy for recession-plagued Greece, with its board identifying several key areas for investment.
The ERBD cited support towards exporters, especially SMEs, in order to boost export figures from the country. The development bank mostly refers to soft loans and other financing schemes towards companies with “growth and export potential”.
Another area, according to the ERBD, is stabilization of the stricken financial sector in the country, as liquidity remains a standing problem for both the business sector and banking system, especially given the ongoing specter entailed in a huge pile up of non-performing loans.
The ERBD also cited support to the private sector in its bid to seek a greater percentage of the energy and infrastructure sectors in Greece and on a regional basis, specifically noting that “…the Bank will specifically support transactions which lead to improved quality of public services, increased competition and regional integration.”