Recognising the need for more sustainable and efficient support than traditional grants, the Romanian Government decided to create the Investment and Development Bank (IDB), a new public bank set up to promote development. Using financial instruments (FIs), the IDB will provide financing to businesses, SMEs, and other organisations, helping to support Romania’s economic and social growth.

The EIB Advisory’s commissioned a study to support the Government of Romania in structuring the instruments of the IDB. The main objective of the study was to assess the feasibility and design of financial instruments for the IDB. This included reviewing and updating existing market assessments to identify financing gaps, such as access to finance for MSMEs, large infrastructure investment, and the promotion of a climate and energy neutrality. The study also provided inputs for the development of an investment strategy for the IDB, identifying potential financial instruments to address financing needs.

In addition, the study supported the drafting of an investment strategy and market testing. The final deliverables included the main findings and a series of workshops to gather the perspectives of public and private stakeholders on the topic.

The study was led by EY in consortium with t33.