Donor Co-Financing Assessment for New Country Strategy
5. Activities and Results Framework
European Bank
for Reconstruction and Development
Priority 1: Strengthen the private sector role, including through upgrade of skills and digitalisation
Key Objectives
Enhance private sector
competitiveness and
access to finance,
including support for
digitalisation and adoption
of improved products and
processes
Improve business skills,
standards and business
sophistication;
Enhance vocational,
digital and green skills
development and equal
opportunities
Support business and
capital markets
environment, FDI
investment and
integration of local
companies into value
chains
Activities
• Finance private companies through funded and unfunded facilities, including risk sharing as well as
directly across all sectors.
• Provide dedicated financing and advisory to support the economic inclusion of women and greater
labour force participation. Promote entrepreneurship and skills upgrades includingin digitalisation.
• Strengthen the competitiveness, automation, digital readiness and resilience to shocks of MSMEs
through dedicated credit lines combined with targeted advisory services.
• Support PFIs and credit guarantee funds, including through technical assistance, to build a stable
and accessible financial sector and unlock lending to the private sector. Promote digitalisation of
the financial sector and anti-corruption efforts.
Investigate potential for improvement of NPLs regulatory frameworks, and policy engagement with
local regulators to work on resolution funds and related financial sector regulatory framework, and
consider potential financing.
• Continue to explore activities and policies that enhance and harmonise the business environment,
including regional initiatives that promote regional economic integration and business restructuring
tools, and digitalization to help tackling informality and corruption.
•
•
• Continue providing financing and advisory services to improve business skills, standards and ⚫
business sophistication. Increase awareness of digitalisation benefits.
• Engage in policy activities for improving human capital resilience and strengthening relevant
Vocational Education and Training, including in target sectors such as tourism, metals and wood
processing. Support increased opportunities for young people.
• Explore potential for establishing digital/green/vocational skills platforms.
• Explore means of enhancing female labour market participation through investments in the care
economy.
•
• Support potential FDI investments and more sophisticated investors using all available financing
instruments.
Explore potential for further capital markets/financial sector development, in particular bonds.
• Support integration into local markets. Support value chain deepening and backwards linkages to
local and regional suppliers.
• Explore opportunities in urban regeneration and tourism support. Promote the efficiency of
economic governance institutions, including through enhancing business inspections practices.
Impact Indicators: Economic Complexity Index, Percentage difference in labour force participation rate of men
and women
Tracking Indicators
(Outcomes)
Number of corporate and SME
clients financed
Number/volume of loans
extended to MSMEs by partner
financial institutions (including
to target groups)
Legal and regulatory
improvements in the business
environment (including regional
initiatives and business tools)
Number of clients reporting
increased exports and/or
productivity
•
Number of individuals in target
group enhancing skills as a
result of training
•
Number of clients improving
equal opportunity practices
Legal or regulatory reform or
enhanced practices (capital
market development / financial
sector, supervision, business
inspections)
Competitive
Inclusive
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