National Development Fund (NRF) obtains licence to support projects

Published: 18.11.2020 Related countries:  New Zealand New Zealand, Australia Australia

The NRF was established to support public and private infrastructure projects. The participating banks have promised to invest up to CZK 7bn in projects supported by the fund, which should attract additional financial resources.

The Czech National Bank (CNB) has licensed the National Development Fund (NRF). This creates the possibility of involving private capital in the financing of infrastructure projects in the Czech Republic. The Czech-Moravian Guarantee and Development Bank (ČMZRB) informed that NRF’s board of directors has already begun evaluating possible type projects. In addition to ČMZRB, Česká spořitelna, Komerční banka, ČSOB and UniCredit Bank Czech Republic and Slovakia also participated in NRF‘s preparations. Additional investors can join. The NRF was established to support public and private infrastructure projects. The participating banks have promised to invest up to CZK 7bn in projects supported by the fund, which should attract additional financial resources. In the first phase, projects in the amount of up to CZK 35bn could be supported.   Zdroj: Source: Daily news | ČIA news Zpracoval tým pracovníků zahraniční kanceláře agentury CzechTrade Sydney