Over the past 10 years the three Baltic republics have undertaken significant restructuring of their banking sectors, supported by the World Bank through three projects: the Financial Institutions Development Project in Estonia, the Enterprise and Financial Sector Restructuring Project in...

Development-oriented equity investment, undertaken in the context of World Bank projects, can assist in promoting sound banking systems, especially through its positive impact on bank governance. This was the experience of Swedfund Financial Markets that made equity investment in banks in the...