Serbia’s Prime Minister Aleksandar Vučić and EBRD President Sir Suma Chakrabarti signed a Memorandum of Understanding (MoU) on the EBRD’s Investment Climate and Governance Initiative for Serbia.
The agreement creates a framework for cooperation between the government and the EBRD, aimed at reducing the informal economy and enhancing competition, facilitating the resumption of credit growth, strengthening corporate governance, supporting privatisation of publicly and socially owned enterprises and stimulating investment in infrastructure.
To promote regional economic integration and help reduce informality, the EBRD will support the Serbian Business Registration Agency to establish a regional registry portal in the Western Balkans.
The Bank will also work to strengthen the capacity of the Commission for the Protection of Competition and work closely with the government in defining other areas of cooperation. In all areas covered by the MoU, the EBRD and the Government of Serbia will maintain an active dialogue with the business community, other international financial institutions and donors.
“Improving the investment climate is a priority for the Serbian government. We are pleased to have the EBRD backing us in this crucial undertaking. Creating a strong, transparent business environment will help to stimulate Serbia’s economic growth, and will support regional integration and boost the attractiveness of our country and the wider region,” Prime Minister Vučić said.
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