EBRD President Chakrabarti visits Belgrade

By Viktorija Melohina

EBRD President Chakrabarti visits Belgrade

Agenda includes meeting with high-level officials and signing of Memorandum of Understanding on EBRD support for investment climate reform

Sir Suma Chakrabarti, the President of the European Bank for Reconstruction and Development (EBRD), will visit Serbia’s capital Belgrade on 24-25 September.

Sir Suma will meet with the President of Serbia, Tomislav Nikolić, Prime Minister Aleksandar Vučić, Minister of Finance and Serbia’s Governor for EBRD Dušan Vujović and members of the international and the business community.

During the visit, the EBRD President Chakrabarti will sign a Memorandum of Understanding with Prime Minister Vučić launching a joint initiative aimed at improving the investment climate, encouraging the development of the private sector and promoting good governance in Serbia.

The EBRD’s Investment Climate and Governance Initiative will help to improve the business environment in Serbia by strengthening institutions of economic governance, enhancing transparency and reducing regulatory burdens on foreign and domestic companies. It will also contribute to enhanced regional development, increasing the attractiveness of the Western Balkans as an investment destination.

“I am pleased to be visiting Belgrade again. Serbia is playing a crucial role in furthering regional cooperation, which the EBRD strongly supports. We are committed to backing the Serbian economy and the reforms that enhance its attractiveness – and that of the whole region – to domestic and international investors”, said Sir Suma ahead of the visit

During his visit, President Chakrabarti will also sign a project to support development of local mortgage market and long-term financing for SMEs. Discussions with top government officials, members of the business community and clients will be focused on the EBRD’s investment priorities in the country.

The EBRD delegation accompanying Sir Suma will include Holger Muent, EBRD Director for the Western Balkans, Dan Berg, EBRD Director for Serbia and Oleg Levitin, EBRD Lead Political Counsellor.

Since the start of its operations in Serbia, the EBRD has invested more than €3.9 billion in more than 188 projects across the country. The Bank invests in the financial sector, industry, commerce, agribusiness, energy and infrastructure.