Chakrabarti: EBRD invested €10 billion in Western Balkans in the past 3 years

Source: Vijeće ministara BiH

The European Bank for Reconstruction and Development (EBRD) has invested €10 billion in countries in which it operates with the aim of creating economies in which youths "could make their dreams come true," the bank's President, Suma Chakrabarti, said in EBRD's annual meeting in Sarajevo on Wednesday.

The EBRD has maintained triple-A status, reaching a record of €30 billion, Chakrabarti said, listing Uzbekistan and the first investment in Lebanon as “very inspiring stories” testifying to the work of the EBRD on the ground.

The EBRD President praised the fact that many regional leaders are taking part in the annual meeting and business forum in Sarajevo.

“The EBRD wants to do more in all the regions of operation and integration is one of our priorities. It’s a powerful tool for expansion of trade which encourages the exchange of new ideas and innovations,” he added.

Speaking about the Corridor 5-C, the EBRD President said it is one of the leading regional projects and an excellent economic opportunity for the entire region.

He also urged Serbia and Kosovo to improve their dialogue which would be a positive step towards further linking of the region.

European Commission’s Vice President from the field of jobs, growth, investment and competitiveness Jyrki Katainen also spoke at the opening ceremony, saying the forum is not only important for Bosnia but the entire region.

“It’s a unique platform for the Western Balkans’ countries to present themselves as good business areas,” Katainen said.

The EBRD’s Annual Meeting and Business Forum is takinig place in Sarajevo, bringing together 3,000 representatives of the international business community, investors, senior government officials, EBRD governors and civil society organisations. it will last May 8-10.