The EBRD has started work on the revision of its strategy for Romania and invites comments from the public based on the draft strategy that can be found here.
Any comments should be submitted to romaniastrategy@ebrd.com no later than 3rd February 2012 so that they can be taken into account.
The first Article of the Agreement Establishing the Bank states that “the purpose of the Bank shall be to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in the Central and Eastern European countries committed to and applying the principles of multiparty democracy, pluralism and market economics.”
In order to achieve these objectives, the Bank primarily provides finance for investment projects, with a special focus on the private sector, carefully selecting projects that promote transition by:
- creating, expanding and improving markets;
- establishing and strengthening institutions, laws and policies that support markets; and
- facilitating the adoption of market-oriented skills and sound business practices.
In addition, every Bank project is examined for its environmental impact and the EBRD places special emphasis on projects that are oriented directly towards environmental improvements and energy efficiency.
A summary of the public comments received will be made available to the Board of Directors before final approval by the Board. While taking into account comments made during this exercise, the Bank will not respond individually to public comments or communications.
After the strategy has been approved, the summary of public comments received, as well as management’s response, will be posted on the Bank’s web site.