The European Bank for Reconstruction and Development (EBRD) expects to invest a record-high 200 million euro ($223.7 million) in Bosnia and Herzegovina in 2016 and a similar amount next year in a bid to unlock the country’s growth potential, the lender’s president Suma Chakrabarti told SeeNews.
“We are supporting the construction of Corridor Vc, a key project for the country’s development. The corridor will provide Bosnia with a much-needed modern north-south connection, which will facilitate internal transport and link the country to regional and wider external markets in the European Union,” Chakrabarti told SeeNews in a interview ahead of a visit to Sarajevo.
“At the same time we are continuing our support for the local private sector, small and medium-sized enterprises and women-led businesses, and for municipal infrastructure.”
During his visit, which is part of a regional tour, Chakrabarti will sign a loan agreement to finance a water network extension in the municipality of Visoko, in the central part of the country, that will provide thousands of people with potable water.
The EBRD has to date invested 1.9 billion euro in Bosnia in 133 projects.