The
European Bank for Reconstruction and Development
(EBRD) plans to provide at least 1.0 billion euro
($1.38 billion) in funds to Serbia in 2014-2018,
focusing on boosting the competitiveness of
private businesses, strengthening the banking
sector and upgrading the energy and infrastructure
sectors, the lender’s country director for Serbia
said.
The EBRD has adopted a four-year strategy for
Serbia which prioritizes increasing its engagement
with the private sector, channeling long-term
financing to the economy through the local banking
sector and promoting investment into energy
efficiency and renewable energy.
"We had a very good year in Serbia in 2013,
investing 424 million euro in 24 projects. Our
portfolio there is already worth 2.5 billion euro
and we want to keep a high level of engagement,”
Matteo Patrone told SeeNews in an emailed
interview.
The multi-lateral lender is also very much
interested in partnering with investors willing to
engage in privatization processes in Serbia,
either as a co-investor or as an acquisition
finance provider. continue reading
Source: SeeNews
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