Tags → investment


Measures to Improve the Access of Agricultural Enterprises to Capital
May 15, 2007 09:50

This paper deals with Belarusian agriculture and its access to financing for investment purposes.

Impact of Foreign Exchange Policy on Investment Activity in the Economy of the Republic of Uzbekistan
May 15, 2007 09:51

This report calculates the elasticity coefficients of investment level changes by sector, in response to changes in the exchange rate of the national currency.

Optimal Debt Contracts in Emerging Markets with Multiple Investors
May 15, 2007 09:51

This paper extends the costly enforcement model of optimal financing to the case of investment projects financed by several lenders.

Investment Risk in Branches of the Kyrgyz Economy
May 15, 2007 09:53

The following study is focused on investment risk in particular branches of the Kyrgyz economy, i.e. in groups of enterprises providing the same or similar goods or services.

Georgia on Its Way to the Market Oriented Economy
May 15, 2007 09:53

The current paper discusses economic developments, production, investments, money and banking issues in the country.

Attracting Private Investment: Putting the Policy Frameworks in Place: Experiences from Slovenia and South East Europe
May 15, 2007 09:54

The current paper aims at making some policy suggestions for increasing FDI flows in SEE, to outline key issues in attracting investors and highlighting the importance of intra-regional investment and business development.

Development Issues in CIS
May 15, 2007 09:54

The paper deals with three main challenges CIS countries face; they are: improvement of investment and business climate; overcoming government crises and democracy deficit, and integration to European and world economy

Kazakhstan Extends Helping Hand to Georgia
May 15, 2007 09:54

The article analyses a brief meeting of the Georgian President with his Kazakh counterpart on 5 March 2007. Analysts assume that a real intention of Georgian President's visit was to discuss a declining Georgiasector of his country and ask for investment.

Kyrgyz Divisions Over Kazak Investment
May 15, 2007 09:54

The article analyses new phase of relations between Kazakhstan and Kyrgyzstan, especially, investments the Kazakh side is bringing into Kyrgyzstan. But critics say there is a risk that growing investment from Kazakhstan could lead to its economic dominance over Kyrgyzstan.

Turkmenistan: the president tries to create favorable investment climate.
May 15, 2007 09:54

The article measures investment climate in Turkmenistan after Gurbanguli Berdimuhammedov was inaugurated as a new president of the country. The author supposes that the president wants to create favorable climate for foreign investment in Turkmenistan, especially for Russia and Iran.

Sustainability Report 2006 - Promoting sound and sustainable development
May 15, 2007 09:54

The EBRD Sustainability Report 2006 assesses the Bank’s impact on the people and the environment in the countries where we operate. It also examines our internal performance. This year’s Report has a special focus on sustainable energy, covering the launch of the Sustainable Energy Initiative and an analysis of the Bank’s investments in energy efficiency and renewable energy. The Report also focuses on issues of transparency and accountability. Case studies highlight how the Bank takes account of environmental and social issues when considering new projects.

Spotlight on south-eastern Europe
May 15, 2007 09:54

South-eastern Europe (SEE) is today a region of opportunity and potential, but obstacles to private sector development such as a weak investment climate, lack of access to finance and insufficient investment and trade opportunities must be overcome to ensure the region's long-term prosperity.

Business environment and enterprise behaviour in East Germany compared to West Germany and central Europe
May 15, 2007 09:54

This paper examines the institutional differences between the former East and West Germany and four central European transition countries (the Czech Republic, Hungary, Poland and the Slovak Republic). Using enterprise survey data, the paper shows that the quality of institutions in the former East Germany still differs from that in former West Germany. It also finds that enterprises in the transition countries have compensated for institutional deficiencies by focusing on innovation and investment in human capital.

Regulatory induced herding? Evidence from Polish pension funds
May 15, 2007 09:54

This paper documents herding among pension fund managers in Poland. It finds that penalties for underperformance imposed by the regulator cause fund managers to follow each other’s portfolio choices and pursue similar investment strategies. The paper calls for a reduction in the number of funds, or a review of the relative performance incentive system and current constraints on portfolio allocation.

Bridging the gaps? Private sector development, capital flows and the investment climate in south-eastern Europe
May 15, 2007 09:54

This paper provides an overview of private sector activity and investment in south-eastern Europe (SEE). The importance of the private sector is growing in all countries of the region. The private sector is dominated by small and medium-sized enterprises (SMEs) and much economic activity takes place in the untaxed informal sector. Lack of finance is a key constraint for enterprises. Foreign inflows, therefore, play a crucial role in providing a source of finance for new investment.

The investment climate for climate investment: Joint Implementation in transition countries
May 15, 2007 09:54

Under the Kyoto Protocol, transition countries are expected to become important players in the emerging market for greenhouse gas emission reductions, as they can reduce emissions at a relatively low cost. However, the attractiveness of the region as a supplier of emission reductions will not only depend on its cost advantage. It will also rely heavily on the business climate offered to carbon investors. Factors like a well-functioning legal and regulatory system, economic and political stability and the capacity to process emission reduction projects efficiently will be key. This paper looks at the carbon investment climate in the transition countries eligible for Joint Implementation (JI) – Russia, Ukraine, Croatia and the EU accession countries of the region.

What should the multilateral development banks do?
May 16, 2007 14:41

This paper assesses the role of multilateral development banks (MDBs) in fostering development or transition through the institutional mechanisms that the MDBs possess for the selection, monitoring and enforcement of loans and other financing agreements and through the use of subsidies that they receive from their shareholders and other sources. We conclude that a useful direction for MDB reform is to exploit more effectively the potential complementarities between the public and private sector financing operations.

Ownership and corporate governance in Russian industry: a survey
May 16, 2007 14:41

This article reviews the results of the privatisation process and concentrates then on the current structure of ownership and control in the Russian industry and on corporate governance mechanisms in the enterprises. It reviews the legal foundations of corporate governance and gives a detailed view of the state and the institutions of law enforcement. Special attention is paid to the connection between corporate governance and restructuring of enterprises and improved performance.

Financial structures to promote private sector development in south-eastern Europe
May 16, 2007 14:41

This paper investigates the extent to which the financial sector in south-eastern Europe (SEE) responds to the needs of the local private sector. It does so through an analysis of the sources of finance used by enterprises when making fixed investments, and by looking at the level of banking intermediation and the (lack of) development of the non-banking financial sector. Enterprises in SEE are found to rely mainly on internal funds to finance expansion.

An analytical framework for evaluating transition impact of infrastructure projects
May 16, 2007 14:41

This paper provides a non-technical summary of a framework for evaluating the transition impact (social returns) of any infrastructure investment that reduces transaction costs and thereby intensifies product market competition. The framework applies both to physical and institutional infrastructure.