EBRD to support new investment momentum in Serbia

The European Bank for Reconstruction and Development (EBRD) expects Serbia to continue to be fully committed to carrying out the reforms it has started, the president of the financial institution, Suma Chakrabarti, said at a meeting he has had with Serbian Finance Minister Dusan Vujovic in Washington, adding that the EBRD would support a new investment momentum in Serbia.

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Vujovic met with Chakrabarti within the framework of the 2016 Spring Meetings of the IMF and the World Bank Group in Washington and the topic was implementation of an ongoing program of cooperation between EBRD and Serbia, which provides for supporting the financial sector and public enterprises restructuring processes and improving the business environment in Serbia.

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The EBRD president said that the financial institution would provide both financial and advisory support in the corporate restructuring of EPS, Srbijagas and other public enterprises and get actively involved in resolving the non-performing loans issues, based on a strategy passed by the Serbian government, the realization of which was entrusted to the National Bank of Serbia and the Ministry of Finance.

We expect Serbia to continue being fully committed to the reforms it has started, said Chakrabarti, adding that the EBRD would support the investment momentum that had got going in Serbia and voicing confidence that foreign investors would be able to recognize that.