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In the medium term, economic competitiveness will depend on efforts to restructure and modernise the industrial base. The success of these efforts will depend on the efficient allocation of capital and other resources, which in turn depends on further reforms to liberalise prices, the commercialisation of operations in the financial sector, streamlining taxation and the introduction of other measures to improve the business environment.
More developments and challenges
|
No. of projects |
27 |
|---|---|
|
Net business volume |
€300.8 million |
|
Total project value |
€412.4 million |
|
Gross disbursements |
€273.3 million |
|
Portfolio in private sector |
100% |

The Bank will expand existing credit lines for micro, small and medium-sized enterprises and provide technical assistance for the establishment of a Privatisation Agency and the pre-privatisation of a number of medium-sized and large state-owned firms.
The Bank will also provide support for the reform and technical upgrade of the environmental infrastructure and municipal services sector in cities and smaller urban areas. And it will expand the Bank’s Trade Facilitation Programme (TFP) to promote cross-border activities. For example, the TFP for existing Bank clients will be increased for on-lending to private sector clients.
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