Strategic Moves - Regional Environmental Center for Central and ...

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FIGURE 23: IFI allocations for water and environment in SEE countries (2007–September 2009) EUR million 300 250 200 150 100 50 0 Albania Bosnia and Herzegovina Croatia FYR Macedonia C H A P T E R 7 F I N A N C I N G E N V I R O N M E N TA L I N F R A S T R U C T U R E I N V E S T M E N T S Kosovo (under UNSCR 1244) Montenegro FIGURE 24: IFI allocations for water and environment in SEE countries per capita (2007–September 2009) EUR 70 60 50 40 30 20 10 0 Albania Bosnia and Herzegovina Croatia FYR Macedonia Kosovo (under UNSCR 1244) Montenegro Serbia Serbia S T R AT E G I C M O V E S 169
170 C H A P T E R 7 F I N A N C I N G E N V I R O N M E N TA L I N F R A S T R U C T U R E I N V E S T M E N T S S T R AT E G I C M O V E S The Western Balkans Fund has already established itself as the main instrument for funding technical assistance assignments across SEE, covering a wide range of sectors with allocations of more than EUR 25 million, about EUR 17 million of which have been approved as grant support for more than 40 projects over the whole region. The fund focuses on municipal infrastructure improvement, transport, communications, tourism, and financial and private sector development. In the area of environment and municipal infrastructure, the fund focuses on providing support to projects for water supply, wastewater collection and treatment, solid waste management, district heating, natural gas distribution and urban public transport. During the period 1991 to 2008, the EBRD signed agreements on 18 environmental infrastructure projects for loan support in SEE (EBRD, 2008). The majority of projects were for water supply and sewage collection and treatment. The global financial crisis has placed severe demands on financial institutions, businesses, utilities and government agencies, thus the EBRD has indicated as a priority the reinforcement of financial institutions investing in improvements in environmental infrastructure and business development (EBRD, 2009). The EBRD has been active in SEE countries for several years and is progressively increasing its long-term lending to the region. It plays a crucial role in supporting environmental infrastructure projects, with particular emphasis on road rehabilitation, solid waste management and water supply and wastewater treatment. The focus of the EBRD’s activities is the continuous implementation of municipal infrastructure projects under a sovereign guarantee by the institutional strengthening of entities and improving the efficiency of operating companies. In candidate countries, the EBRD concentrates on working with a number of large and medium-sized municipalities to develop environmental infrastructure projects for prospective IPA co-financing. Additional priorities for the EBRD in the region are the promotion of policy dialogue; support to the development of viable schemes for the privatisation and commercialisation of state-owned utilities; and the adaptation of the fiscal decentralisation process (EBRD, 2009). The Council of Europe Development Bank (CEB) is a multilateral development bank with a mission to contribute to strengthening social cohesion in Europe and to achieving sustainable and equitable growth. It grants medium- to long-term loans and provides guarantees and technical assistance to social infrastructure projects in close collaboration with other IFIs. The CEB channels financial assistance to the region through long-term loans with low interest rates and specific repayment schedules adapted to meet national borrower requirements. Its current activities cover environmental protection, public services infrastructure and the financing of projects in response to emergency situations in the event of natural or ecological disasters (CEB, 2007a). At present, between 17 and 20 percent of the total approved amount relates to environmental projects and the prevention of natural disasters. Faced with the impact of the crisis in CEE and SEE, the CEB recently significantly intensified its role in the financing of public social infrastructure, with particular focus on municipal infrastructure and enhanced coordination with the Neighbourhood Investment Fund (NIF) and the Infrastructure Project Facility
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The Priority Environmental Investme
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About the REC The Regional Environm
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4 C O N T E N T S Chapter 3 Challen
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6 A B B R E V I AT I O N S S T R AT
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8 A B B R E V I AT I O N S S T R AT
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10 S T R AT E G I C M O V E S
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12 Foreword from the Regional Envir
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14 A U T H O R S A N D A C K N O W
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16 A U T H O R S A N D A C K N O W
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20 E X E C U T I V E S U M M A R Y
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32 I N T R O D U C T I O N S T R AT
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40 C H A P T E R 1 T H E R O L E O
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48 C H A P T E R 2 S TAT U S O F E
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58 C H A P T E R 3 C H A L L E N G
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72 C H A P T E R 4 E C O N O M I C
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102 C H A P T E R 5 N AT I O N A L
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Page 215 and 216: 214 A N N E X E S A N N E X 1 Bosni
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220 A N N E X E S A N N E X 3 Croat
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222 A N N E X E S A N N E X 4 S T R
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224 A N N E X E S A N N E X 5 Annex
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226 A N N E X E S A N N E X 5 Alban
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228 A N N E X E S A N N E X 5 Bosni
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234 A N N E X E S A N N E X 5 Kosov
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236 A N N E X E S A N N E X 5 Kosov
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238 A N N E X E S A N N E X 5 The f
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240 A N N E X E S A N N E X 5 Monte
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242 A N N E X E S A N N E X 5 Serbi
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244 A N N E X E S A N N E X 5 Serbi
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246 A N N E X E S S T R AT E G I C
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THE REGIONAL ENVIRONMENTAL CENTER F
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