EIB to Finance Public Investments, Banks and Enterprises – Serbia to Get Most in Western Balkans?

The European Investment Bank will direct around EUR 1.7 billion of new funds for the Western Balkans primarily to public investments, banks and enterprises, said the head of the EIB office for the Western Balkans, Dubravka Negre.

– Funds worth EUR 1.7 billion will be used for that purpose, that is, for the projects which have already been approved – Negre said on TV Prva.

She says that the funds have not yet been distributed by country and that this will depend on each country's plans and priorities, but that Serbia will get the biggest part.

She also commented on the IMF's estimate that Serbia will have a drop of 3% and added that the country's position was good compared to the countries of the region and that a drop in economic activities was expected in the entire EU.

She points out that the countries have realized that they need to focus more on their surroundings, which is an opportunity for this region, according to her.

She explained that many who had intended to move their production chains to Asia would now move them to closer markets.

– That's where I see an opportunity for this region – Negre said.

She reminded that the EIB Group had provided EUR 5.2 billion for countries outside the EU as part of the Union's larger set of measures for mitigating the consequences of the COVID-19 pandemic.

Evropska investiciona banka EIB

Međunarodni monetarni fond-MMF Beograd

European Investment Bank

EIB

EIB Group

IMF

Dubravka Negre

Western Balkans

Asia

public investments

aid to banks

aid to enterprises

set of measures

coronavirus

Covid 19