Ukraine: multilateral development banks agree to harmonize procurement systems

The Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank have agreed to harmonize procurement practices for public sector investment financed by the multilateral development banks (MDBs) in Ukraine. “Reconstruction needs for Ukraine will be huge. The cost of reconstruction following…

Poland: banks plan to tighten lending criteria

Polish banks plan to tighten the lending criteria for all types of loans in the third quarter, a survey of lending committee chiefs conducted by the Central Bank has shown. Lenders are expected to especially tighten the criteria for small and medium-sized enterprises (SMEs), continuing a trend started in the second quarter. Demand for corporate…