Exercises

Ex.1. Find where in the text it is said about the points given below:

1. The projects that the EBRD finances;

2. The beginning of the EBRD participating in Ukraine`s development;

3. The speech of the Bank`s President Jacques de Larosiere at the 1994 Annual Meeting in St. Petersbourgh;

4. The importance of the development of a vibrant local private sector.

5. the Ukrainian Venture Capital Fund.

Ex.2. Find the terms in the text which designate the following:

1. a process of changing from one economic system to another;

2. participation in a company`s profit through shares;

3. capital invested with a certain risk;

4. financing the nature of which is concerned with borrowing;

5. a basic structure, a system of rules, ideas.

Ex.3. Say if the following statements are true or false:

1. The EBRD has already become the leading investor in the public sector in Eastern Europe.

2. The Bank works with foreign investors and local entrepreneurs.

3. The EBRD opened its office in Kiev in May 1995.

4. The EBRD does not rely on the government in its steps and operates separately.

5. The EBRD makes a strong emphasis on its activities in the financial sector.

6. The projects the Bank finances include different spheres, agriculture being one of them.

7. The Bank operates only by committing long-term debt-financing.

Ex. 4. Answer the following questions:

1. Where does The EBRD operate? What is its objective?

2. What do the projects that it finances include?

3. When did The EBRD begin participating in Ukraine`s development?

4. What is an essential ingredient to the functioning of any efficient private sector?

5. What means does the EBRD use to support local businesses and strengthening the domestic private sector?

6. How does the Bank increase the availability of much needed equity finance for the local private sector?

7. What was an equity subscription in the Ukrainian Venture Capital Fund taken by the Bank?

Ex. 5. Describe the mechanism of strengthening the domestic private sector which the EBRD uses.

Ex. 6. Explain the role of the Bank in Ukraine`s transition and its key objectives.

Ex. 7. Prove the importance of a sound financial system and basic financial infrastructure for transition.

Ex. 8. Make up a plan covering the main ideas. Discuss the text according to the plan.

Ex. 9. Discussion points.

1. Think about further cooperation of the EBRD and Ukraine. What steps should be taken? What spheres of the economy must be taken into consideration? Express your point of view. Give some ideas.

2. What do you know about Ukraine`s cooperation with other international financial institutions?

3. What do you think about the process of transition of Ukraine? Is it finished? If not, what stage is it on now? What must be done to complete it and what is the role of foreign countries in this process?

Unit 5 Financial management

Read and memorize the following words, words combinations and word-groups:

To generate cash - приносити (генерувати кошти)

Adequate return – відповідний прибуток

To bear in mind – тримати на думці, не забувати про

To fund – фінансувати

Medium-term – середньостроковий

Significant additions – значні доповнення

Productive capacity – виробничі можливості

Acquisitions – придбання

In accordance with – у відповідності до

To consider – розглядати, розцінювати

Via – через, за допомогою

To starve of funding – потерпати від нестачі фінансування

Undue – невідповідний, неправильний

Vague – хиткий, нестабільний

Time pattern – розподіл за термінами, часова схема

Social considerations – соціальні (суспільні) фактори

Assesment – оцінювання

Performance index – показник якості

Capitalization rate – рівень капіталізації

Liking - прихильність