Work detail

Sources of Financing - The Environment

Author: Mgr. Filip Kořínek
Year: 1996 - winter
Leaders:
Consultants:
Work type: Finance and Banking
Masters
Language: English
Pages: 73
Awards and prizes: M.A. with distinction from the Dean of the Faculty of Social Sciences for an excellent state-final examination performance and for an extraordinarily good masters diploma thesis
Link:
Abstract: The Czech Republic suffered substantial environmental damage under the communist regime prior to the "velvet revolution" in 1989. During that period, the government paid no attention to environmental problems. As a consequence of this attitude of the old regime, the first democratic elections in 1990 brought to the government a number of people with past experience from various environmental groups.
New laws were approved establishing the Ministry of Environment and setting ambitious environmental standards and schedules for phasing them in a relatively short period of time.
Total investment in the environment has increased substantially and reached about three percent of GDP (according to senior government officials) which places the Czech Republic higher than the average in Western Europe. Since 1991, the share of the emerging private sector has been increasing and currently represents over half the total funds spent.
The Czech Republic has benefited from cooperation with a number of foreign countries and multilateral institutions. Foreign assistance to the Czech Republic moves increasingly from technical assistance and research and development grants towards support of investment.
"Sources of Financing - the Environment" identifies and describes the major channels of funding for Czech and regional projects, including the most relevant sources of support to U.S. exports to this market.
The first chapter describes funding provided by or channeled through local government bodies. It includes information on various local and regional projects funded and/or otherwise supported under bilateral or multilateral cooperation agreements.
The second chapter focuses on U.S. sources of funding, including direct government support (EPA), independent government agencies (US AID, Export-Import Bank, OPIC, TDA, SBA etc.) and private government-supported investment funds and other entities.
The third chapter identifies the principal international / multilateral sources of funding of environmental projects in the Czech Republic including the World Bank Group, the European Union, and the United Nations.



Downloadable: Diploma Thesis - Kořínek
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