May 15 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Monday it will focus on private-sector competitiveness, green and inclusive economy in Croatia, under its newly approved five-year strategy for investments in the Adriatic country for the period from 2023 to 2028.
“The country still faces structural challenges compared with its regional peers, amid low economic diversification and modest productivity growth. The triple shock of the 2020 earthquakes, the pandemic and, more recently, the war on Ukraine has shown the need to improve the country’s overall resilience and capability to withstand external and internal vulnerabilities,” the lender said in a press release.
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“Our new country strategy will support Croatia in achieving this goal through strengthened resilience and a more competitive, diversified and sustainable private sector,” the EBRD added.
Over the last 30 years, the EBRD has invested 4.4 billion euro ($4.8 billion) in the Croatian economy and supported more than 850 companies with financing and advisory services. It invested 300 million euro in Croatia in 2022 alone.
($ = 0.920 euro)