Warsaw, Poland, 2020, October 19 / PRNewswire / – International Monetary Fund (IMF) report in 2020 on September 28 released the report, investment in infrastructure in Central, Eastern and Southern European countries (CESEE) speed up to catch up with the living standards of more developed European countries EU15 top priority. IMF pointed out that the three sea Initiative Investment Fund (3SIIF) is “designed to address CESEE national infrastructure needs” an initiative.
report estimates that 50 percent to fill the infrastructure gap will require an annual investment of 3-8 percentage of GDP by 2030. Attract private investors should be an important step to achieve this feat.
In order to attract investors, the State Development Bank of Poland Bank Gospodarstwa Krajowego (BGK) led initiative to establish three sea Investment Fund (3SIIF). IMF said in the report, it is one of the three sea Fund “to solve the country’s infrastructure needs CESEE several initiatives.”
“ three sea is three nautical fund initiatives proposed economic dimension. The Central and Eastern European Fund is the most important financial services industry. We set clear objectives for the Fund – provide financial support for infrastructure investment in the region’s economies and the impact of new crown to fight the epidemic of today, this support is particularly important sponsor and co-founder of the fund is the Polish development Bank. BGK . I were with the Romanian development Bank Eximbank of partners to establish a together [123 ] the fund “ – Beata Daszyńska-Muzyczka 3SIIF chairman and president of BGK said.
The main purpose of the three sea north-south axis of the Fund is to invest in transportation, energy and digital infrastructure and the development of three sea countries to eliminate regional differences in the EU. Fund is a business and market-driven initiatives, we will carry out a wide range of investment and to generate an attractive return.
IMF team also said that if effective measures, infrastructure investment can generate substantial returns in the region. More and better public investment can help repair the economic damage caused by the epidemic, raise potential output and accelerate the speed to catch up with EU15 national income.
reported that “in the current period of economic slowdown, its benefits may be even greater. We estimate that each percentage point of GDP spent on infrastructure, the short-term yield can be increased 0.5-0.75 percentage of long-term 2-2.5 percentage can be improved. “