EBRD Assists Croatia in Developing Strategic Framework for Capital Markets Expansion
(IN BRIEF) The EBRD is collaborating with Croatia’s Ministry of Finance to design a Strategic Framework for Capital Markets Development, aiming to strengthen the country’s financial sector. The framework, which includes five strategic directions, will guide Croatia’s capital market development from 2025 to 2030, with public consultations set to follow.
(PRESS RELEASE) LONDON, 22-Feb-2025 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is providing critical support to Croatia’s Ministry of Finance (MoF) in the development of a comprehensive Strategic Framework for Capital Markets Development. This initiative is part of a broader effort to enhance the country’s capital markets and is designed to address key barriers while positioning Croatia as a stronger player in the global financial landscape.
A thorough review of the current state of Croatia’s capital markets was conducted as part of the project. The assessment identified the main challenges, benchmarked Croatia against peer markets, and evaluated the regulatory environment. In partnership with the Croatian Financial Services Supervisory Agency (HANFA), the Zagreb Stock Exchange (ZSE), and the Central Depository & Clearing Company (SKDD), a range of key stakeholders contributed to the process.
An international consultancy team worked closely with local market participants to pinpoint the strategic levers necessary for market growth and to develop a unified national framework. The resulting document outlines the roadmap for Croatia’s capital markets through the year 2030.
Additionally, a horizontal initiative has been launched to streamline and optimise the legislative framework, aiming to reduce unnecessary regulation and create a more business-friendly environment.
These strategic directions will be further supported by the Action Plan, which outlines specific initiatives, activities, and measures to ensure successful implementation. The EBRD and its partners have committed to creating a dynamic and competitive capital market, which will contribute to Croatia’s goal of becoming an emerging market.
Today, in Zagreb, the Strategic Framework for Capital Market Development (2025-2030) and its accompanying Action Plan were presented to the public. A consultation process will follow to gather feedback and refine the framework.
The EBRD remains a key institutional investor in Croatia, having already invested over €4.9 billion in 260 projects in the country. In the past five years, nearly €140 million has been directed towards capital markets development in Croatia.
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Publish date : 2025-02-22 05:37:00
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