Financing Environmental Improvements in Slovakia: The Slovak Environmental Revolving Investment Fund

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  • Product Description

    Abstract:
    The fall of the Iron Curtain revealed previously unimagined environmental degradation in Eastern Europe and the former Soviet Union. In the newly-independent Slovak Republic, untreated waste flowed into the rivers, heavy industry clouded residential neighborhoods and illegal dumps dotted the cities and countryside--all this in a country seemingly far too poor to afford the cost of cleanup. This case describes the extent of Slovakia's environmental problems through the lens of one idea advanced to cope with them. The proposed "Slovak Environmental Revolving Investment Fund" would create a financial vehicle such that cleanup could occur gradually through loans for capital investment. As these were repaid, they could help finance additional environmental improvements. But how to do so in a country without a well-established financial system? Where to start, when faced with so many problems?

    Learning Objective:
    The case is designed for discussion of the practicality of the revolving fund--or any other approach which might be suggested--in the context of Slovakia's political and cultural climate.

  • Other Details

    Publication Date: January 01, 1994
    Teaching Plan: Available with Educator Access
    HKS Case Number: 1260.0
    Case Author: Esther Scott
    Faculty Lead: Henry Lee
    Pages (incl. exhibits): 21
    Setting: Slovak Republic
    Language: English
    _year: Older than 2000
    _pages: 16-25
    _geography: Europe
  • Warranty Information

    /review/1260.0.EducatorCopy.pdf, /teachingplan/1260_2.pdf

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