EBRR Supports The Region And Praises Serbia

At the recent Western Balkans Investment Summit hosed by the EBRD, Serbia was outlined as an example of good practice in the implementation of economic reforms, while Serbian PM Vučić promised further reforms, noting that this work is being carried out in cooperation with the World Bank and the EBRD.

A visitor enters One Exchange Square, the headquarters of the European Bank for Reconstruction and Development (EBRD), in London, U.K., on Monday, May 21, 2012. Shareholders of the European Bank for Reconstruction and Development approved 1 billion euros of funding for the southern- and eastern Mediterranean region where it's expanding its investments to support emerging democracies. Photographer: Simon Dawson/Bloomberg via Getty Images
A visitor enters One Exchange Square, the headquarters of the European Bank for Reconstruction and Development (EBRD), in London, U.K., on Monday, May 21, 2012. Shareholders of the European Bank for Reconstruction and Development approved 1 billion euros of funding for the southern- and eastern Mediterranean region where it’s expanding its investments to support emerging democracies. Photographer: Simon Dawson/Bloomberg via Getty Images

The Serbian government needs to do much more when it comes to the state administration, the public sector, and structural reforms, and hopes to receive support from the World Bank and the EBRD, as it had in the previous period, said Serbian Prime Minister Aleksandar Vučić who headed the country’s delegation at this February’s Western Balkans Investment Summit. The Prime Minister also expressed hope that cooperation with the EBRD will bring a lot of good results in the future, especially in terms of the development of small and medium-sized enterprises.

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