balkan insight
10 Nov 2010 / 09:50
The European Bank for Reconstruction and Development has approved a new strategy for Bosnia and Herzegovina which focuses on support to projects in infrastructure and energy.
The European Bank for Reconstruction and Development has approved a new strategy for Bosnia and Herzegovina which focuses on support to projects in infrastructure and energy.
European Bank for Reconstruction and Development
The strategy, which sets out priorities for the Bank’s activity in the country until 2013, also targets the financial and industrial and key export-oriented sectors.
The strategy, which sets out priorities for the Bank’s activity in the country until 2013, also targets the financial and industrial and key export-oriented sectors.
The EBRD will support a comprehensive reform programme in all infrastructure sectors, in particular for construction of new and modernisation of existing infrastructure, facilitating involvement of the private companies and better sector integration both regionally and within the country.
In the energy area, the Bank will continue to promote sector reform, institution building, regional energy integration, helping to enhance reliability and compliance with the EU emission standards, as well as investment for energy efficiency and renewable energy projects.
In the financial sector, the Bank will support local banks, leasing companies and microfinance institutions to ensure sustainable lending to small enterprises and households and further developments in the small and medium enterprises sector.
At the same time, to attract strategic investors and to accelerate the privatisation process, the Bank will actively seek and develop projects in key export-oriented sectors, including agribusiness, manufacturing and services, telecommunications, pharmaceutical sector, property and tourism, as well as wood and metals processing.Economic growth in 2010 and 2011 in Bosnia is expected to be positive but modest.
In the most recent economic outlook published on 28 October 2010, the Bank raised its previous growth forecast for Bosnia and Herzegovina from 0.4 to 0.8 per cent for 2010 and from 1.7 to 2.2 per cent for 2011.
Given the low starting point, the economy should have potential for stronger growth over the medium term.
balkan insight
Δεν υπάρχουν σχόλια:
Δημοσίευση σχολίου