EBRD approves a new country strategy for Poland

According to the reports, the diversified nature of Poland's economy has provided EBRD protection from the disruptive shocks experienced in the industry. However, it is important to initiate further structural reforms that will increase the growth and production rate of the business. In view of achieving these goals, EBRD will focus on three priorities:

Enhancing competition through innovation, commercialisation and the use of stronger global links. The EBRD will support the growth of competitive companies regarding expansion into domestic and international markets. The state-owned businesses will also benefit from the reforms in the markets and other practices while there will be increased private sector participation in the state-dominated sectors.

Promoting Green Economy Transition: The EBRD will support plans to increase energy and resource efficiency while promoting the increased use of renewable energy and the establishment of a diversified energy mix as well as efforts to minimize air pollution.

Increasing resilience through expanded and diversified equity and debt capital markets: The EBRD will promote the development of diversification in the capital markets which will feature varying debts and equity as well as the creation of stable and resilient funding programs in the banking sector.

The EBRD started its operations in Poland in 1991, and over the years it has invested over €9.025 billion in the execution of 402 projects. 89% of the projects done by the EBRD were aimed at the private sector. The EBRD has been investing in different sectors in the Polish economy. However, its priority is the development of local capital markets, the support of the cross-border expansion of local companies, encouraging competition, and supporting the green economy.