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Poland New Financial Institutions
Several specialized financial institutions were
established
with direct or indirect help from the Polish government,
international organizations, and foreign experts to
facilitate
economic restructuring. They include the Agency for
Industrial
Development, the Polish Development Bank, the Export
Finance
Insurance Corporation, the Enterprise Consulting
Foundation, the
Employment Fund, and a growing number of consulting firms.
These
institutions are expected to provide credit guarantees,
help to
establish new businesses, purchase a certain quantity of
shares
of the companies being converted to private enterprise,
and
facilitate leasing, financial restructuring, and
bankruptcy
processes. Some of the new institutions received
designated funds
from international financial organizations. The European
Bank for
Reconstruction and Development
(EBRD--see Glossary)
established a
Joint Investment Fund in cooperation with the Polish
Development
Bank.
Data as of October 1992
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