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The Government of the Republic of Serbia

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EBRD continues to support, strengthen private sector in Serbia

Belgrade, 10 May 2021

Minister of Finance Sinisa Mali met today with new Director of the European Bank for Reconstruction and Development (EBRD) for the Western Balkans Matteo Colangeli, as well as with former director of that international financial institution Zsuzsanna Hargitai.

Mali pointed out that in cooperation with that financial institution, the "green agenda" is defined as an absolute priority, as well as that the support that the EBRD provides to Serbia in that sense is of great importance.

In addition, the Minister expressed hope that the EBRD will continue to support and strengthen the private sector in our country.

Colangeli said that the priority in the coming period is to strengthen the private sector, i.e. economic recovery after the coronavirus pandemic, then the green economy and thus building greener and more inclusive economies in the region, while the EBRD will continue to support Serbia.

Mali also pointed out that Serbia was successful on the international capital market last year, and that the issuance of green bonds is also planned, in order to further implement important projects in environmental protection, adding that the green agenda will be an important part of the arrangement with International Monetary Fund (IMF).

He also said that in the first quarter of this year, better results were recorded than projected, and that it is expected that the annual GDP growth will be higher than the projected 6 percent.