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EBRD adopts new country strategy for Hungary

Banking

The European Bank for Reconstruction and Development (EBRD) on Thursday said its board approved a new country strategy for Hungary, setting out priorities for the period 2021-2026, according to a report by state news wire MTI.

The band said it will "pursue support for productivity improvements, through innovative financing and green investments as strategic priorities" as well as "provide temporary support, as needed, for the country’s recovery from the coronavirus pandemic".

"The [EBRD] will continue to focus on developing capital markets and on opportunities to deploy equity and innovative investment products and, where appropriate, will seek to address inclusion and governance issues. There will be a clear focus on supporting projects in the areas of resource and energy efficiency, decarbonization, and renewable energy," it added.

EBRD has invested close to EUR 3 billion in Hungary through 190 projects since 1991.

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