EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT OFFICIAL CO-FINANCING

Through its activity, EBPD has the rol of a catalyser in attracting investment in the country where it operates. This is achieved by the guaranty which is given on one hand by its involvement in certain areas considered quite risky and on the other hand by co - financing with other banks or investors. Through this co - financing, the EBRD has averagely succeed a leveraging effect on the amounts invested and this tends to increase if there is noticed a larger involvement of the commercial banks on the market and a decreasing of the importance of international institutions and governments.