The stability pact

The Stability Pact for south-eastern Europe* was adopted by 40 countries and international institutions in Cologne on 10 June 1999. The Stability Pact represents "the first serious attempt by the international community to replace the previous, reactive crisis intervention policy in SEE with a comprehensive, long-term conflict prevention strategy." The Pact coordinates and facilitates projects of partner countries and institutions in south-eastern Europe.

More details on the activities of the Stability Pact can be found at www.stabilitypact.org.

The Stability Pact has three working tables:

• Working Table I deals with democratisation and human rights.

• Working Table II coordinates international efforts to promote economic reconstruction, co-operation and development. Report prepared for Working Table II  (0.1Mb).

• Working Table III is concerned with security issues.

Private Sector Development activities

The EBRD is active under Working Table II where the Bank leads Private Sector Development activities and supports regional infrastructure projects. Other initiatives under Working Table II include:

• Promoting a better investment climate, through the Investment Compact led by the OECD.

• Liberalising trade among countries of the region.

• Regional infrastructure strategies, coordinated by the Infrastructure Steering Group.

• Developing a Regional Energy Market.

* The Stability Pact has eight recipient countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, and Romania, Serbia and Montenegro (formerly the Federal Republic of Yugoslavia, which joined in October 2000), and Moldova (joined in June 2001).