Bank supports growth and reform with more than $6 billion in loans
If the central and eastern European countries’ vast infrastructure investment gap is ever to be bridged, then private capital via the bond markets will have to be harnessed
The gap between infrastructure needs and investment in Central and Eastern Europe shows why the region needs to learn lessons from Asia on how to build deep debt capital markets, according to leading bankers
Rimantas Šadžius, Lithuania’s finance minister, tells Emerging Markets how Russia’s weak economy and currency are making conditions tough for the Baltic country, but that reliance on Russian energy is falling.
A terrible cocktail of a vast debt pile, large fiscal deficit and lack of growth has pushed Croatia’s debt profile precariously close to unsustainable levels. Without comprehensive structural reforms, many believe the country’s economy will be in crisis by the end of the decade.
The head of the EBRD, Sir Suma Chakrabarti, has told the bank’s shareholders that progress in driving economic reform across the region has been only modest. He explained how he plans to accelerate progress
Russia’s eastward foray and energy deals with China, far from saving its economy, are revealing Vladimir Putin’s weak bargaining position.
Copyright © Euromoney Institutional Investor PLC 2010. All rights reserved.