ECONOMIC BRIEFS

EBRD prepared to lend Slovakia 300 million ECU annually

Following a meeting between Slovak Finance Minister Brigita Schmögnerová and a team of representatives from the European Bank for Reconstruction and Development (EBRD), the Ministry announced that the EBRD could give Slovakia loans amounting to 300 million ECU ($348 million) annually. These funds could be invested into development projects for towns and villages, projects of private companies as well as into infrastructure projects.

Alain Pilloux, the leader of the EBRD team, offered the Ministry a chance also to exchange experiences and compare notes with other institutions and programmes (PHARE, EIB, the World Bank) while considering how to restructure the Slovak banking sector.

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