The European Bank for Reconstruction and Development has approved its new strategy for Poland. The institution will focus on three priority areas: promoting low carbon economy, enhancing the private sector role in the economy and assisting in the development of a sustainable financial sector and capital markets.
“The EBRD has no doubt that coal will remain Poland’s main source of energy, however it is necessary to introduce new technologies. Poland needs to look for alternative sources including renewables,” Alexander Lehman, the bank’s economist, was quoted as saying by Polish daily Rzeczpospolita.
The bank will support private sector and financial markets as the institution negatively evaluates business environment in Poland. To develop capital markets the EBRD plans to channel €250 million.
The amount of money the EBRD invested in projects in Poland so far amounted to €6,4 billion.