Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-01-16-Speech-4-073"

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"en.20030116.3.4-073"2
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"This report has the merit of reminding us of the important purpose of the EBRD, which is to create a market economy likely to strengthen democracy in the countries in transition, which often leads it to run risks and not to systematically seek State guarantees. Consequently, it invests where other banks fear to tread. The EBRD has been largely concentrating its activities on developing small and medium–sized businesses, developing, on the one hand, aid programmes for local banks, and, on the other, promoting the establishment of banks specialising in providing loans to small and medium–sized enterprises and micro–loans. We are pleased that the rapporteur considers the activity of the EBRD to be broadly satisfactory, despite his opinions and warnings about the supposed dogmas of ‘ultraliberalism’ or of uncontrolled liberalisation, which no one wants to guide the activity of this institution. These are, in short, the reasons that have led me to support this report."@en1

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