This is what the president of the financial institution, Suma Chakrabarti, said at a meeting with Serbian Finance Minister Dusan Vujovic in Washington.
He added that the EBRD would support a new investment momentum in Serbia.
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.
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.
WB vice president for Europe and Central Asia Cyrul Muller said that Serbia "now has an insight into the realistic possibilities of development, which helps it define precisely its priorities in fiscal adjustments, capacity building and efficiency."
At a meeting with Vujovic, Muller said that the Serbian government had done very well in terms of results, and that it was very important not to disrupt the rhythm.
"The road Serbia has taken is the very same one all successful economies have taken," Muller said, adding that it's possible for Serbia to achieve its goal of creating a rich soil for investors and permanent progress.
Source: http://www.b92.net/
