EBRD Board Directors visit Bosnia and Herzegovina and Croatia

By Axel  Reiserer

A delegation of the EBRD Board of Directors will arrive in Sarajevo on Sunday for a visit to Bosnia and Herzegovina which will offer the Bank’s representatives the opportunity to meet with the authorities at State level as well as with officials in the Federation of Bosnia and Herzegovina and Republika Srpska. The Directors will also get together with international officials, civil society representatives, investors and entrepreneurs. From Bosnia and Herzegovina the Directors will continue their mission on Wednesday with a two-day visit to neighbouring Croatia.

Members of the Board delegation will be James Hudson, Director for the USA, Andras Karman, Director for Hungary, Czech Republic, Slovak Republic, Croatia and Georgia, Jorma Korhonen, Alternate Director for Finland, Norway and Latvia, Klara Krol, Alternate Director for Czech Republic, Hungary, Slovak Republic, Croatia and Georgia, Johannes Seiringer, Director for Austria, Israel, Cyprus, Malta, Kazakhstan and Bosnia and Herzegovina and Sergey Verkashanskiy, Alternate Director for the Russian Federation, Belarus and Tajikistan.

After their meetings in Sarajevo the Board Directors will visit EBRD-financed projects and also travel to Banja Luka.

In Croatia the Directors’ programme will include meetings with government officials, representatives of the international community and financiers in the capital Zagreb. In addition to official meetings, the EBRD representatives will also pay a site visit to Sisak in central Croatia.

The EBRD has invested close to €1.5 billion in 100 projects in Bosnia and Herzegovina with a focus on infrastructure development, support for small and medium-sized enterprises and strengthening the financial sector. In Croatia, the Bank’s investments are over €2.75 billion in 150 projects to-date with a special emphasis on support for local corporates, commercial finance of national and municipal infrastructure, SME finance and tourism.

The visits take place shortly before the EBRD decides on its new country strategies for Bosnia and Herzegovina and Croatia for the period 2013-2015 and will provide valuable insights and information.