04.10.2024 Delyana Ivanova: BDB is following the path of the promotional banks in Europe
The Bulgarian Development Bank will work hard to achieve the objectives set out in the public policies at national and local level. The path followed by the Bank is borrowed from the best practices in Europe – from the promotional banks of Italy, France, Germany, Finland and Poland. This is what Delyana Ivanova, BDB Supervisory Board Vice-President and Advisor to the Minister of Innovation and Growth, said on bTV’s Face to Face program.
On Thursday, BDB will host a major international conference: Development Banks: a tool for better use of public funds, organized on the occasion of its 25th anniversary. The event will be attended by senior representatives of the European Commission, the EIF, directors of promotional and export banks from 20 European countries, and the CEOs of leading Bulgarian banks.
‘There are over 550 development banks around the world. They all have a special mission that distinguishes them from commercial banks. Their main focus is to fulfil public mandates of their governments and the EU, to promote the priority sectors of the countries’, Ivanova said. ‘If in Italy railways are being built and sports venues, such as the Juventus stadium in Turin, are being renovated, in France an accelerator for nuclear technology companies is being created and large-scale 'industrial cathedrals' are being erected,’ she explained.
According to Mrs. Ivanova BDB has established its place as a full member of the European development bank family. ‘BDB is a strong and reliable partner and this solid foundation allows it to remain flexible in times of crisis for the economy and to respond to the needs quickly and adequately’, she added.
Delyana Ivanova stressed that the BDB Group had managed to improve its transparency and governance, and its new strategy for 2024-2026 made it a powerful tool for supporting SMEs and national policies, and overcoming regional imbalances.
The Bank is expected to be a leading player in the implementation of projects of national and strategic value, including in sectors of paramount importance such as defence, industrialisation, infrastructure, health, energy, etc.
