EBRD Outlines Development Roadmap for Croatia

Croatia will host the 2010 annual meeting of the European Bank for Reconstruction and Development. Photo by: Damien Smith / CC BY-SA 2.0 Damien SmithCC BY-SA 2.0

Croatia is set to adopt a new strategy for national growth designed by the European Bank for Reconstruction and Development. The country’s new development blueprint is expected to further facilitate economic growth and its anticipated EU accession, according to a press release from EBRD.

The new strategy recognizes the significance of structural and institutional reforms in relation to EU accession talks. Key pre-accession challenges that were identified include the improvement of business climate, privatization of state-owned companies, commercialization of infrastructure, and labor-force capacity building and flexibility.

EBRD is a major investor in Croatia’s economy. Its annual meeting will be held May 14-15 in Zagreb, the capital of Croatia.

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    Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.