EBRD develops new strategy for Hungary
The European Bank for Reconstruction and Development (EBRD) adopted its new strategy of how to operate from 2021-26. Its activities in the country will include supporting productivity improvements, financial innovations, and green investments. Additionally, it will provide temporary support in the recovery from the pandemic, which had stopped a period of strong growth. It expects growth to restart in 2021, and it will be co-financing with international financial institutions and private businesses. Implementation will be reviewed in 2023.