Poland's government has formally adopted the capital market development strategy that was drafted in collaboration with the European Banks of Reconstruction and Development (EBRD) and the European Union.

Back in 2017, the Polish Government adopted a Strategy for Responsible Development and this new initiative continues in the same vein by looking at ways of making the capital market work efficiently to bring benefits to the economy.  Among the 90 steps included in the document are those to remove friction from the marketplace by improving regulations.  It also looks towards making the infrastructure more streamlined and introducing new products and services.

The Government's overall aim is to develop the capital market so it can assist Poland to compete in the challenging international markets.  It is hoped that the strategy will help innovation in Polish industry, boost investment and allow the economy to compete internationally.  In turn, people will be able to benefit in terms of savings and economic progress.

Over the past few years, Poland has had a higher than average growth rate when compared to other EU countries but the Government knows they need to translate this into a long term success.  They are aware that one of the key ways they can encourage and develop investment is to make sure they have an effective capital market.  Polish entrepreneurs hope to benefit from the diversification in access to the market, meaning they can take advantage of lower costs for transactions and become more competitive.

The new capital market development strategy has been adopted after public consultations and is to cover the period of 2019-23.  The E Structural Reform Support Service gave valuable technical support and the EBRD will remain involved throughout its implementation. 

The EU Structural Reform Support Service plays an active role within EU countries who are looking to carry out various structural reforms and the EBRD which was established back in 1991 is a key investor in Poland.  In total the EBRD has funded 419 projects in the country worth over €9.8 billion, also, a further  €900 million has been invested into projects involved with the development of the capital market.