The World Bank has several infrastructure projects in the pipeline for Croatia, particularly for the power and transport sectors. Over US$200 million will be allocated for railway, port development and energy generation projects.
In a Devex interview, Senior Energy Specialist Peter Johansen said that the financial crisis is putting pressure on bank resources, as various sectors are competing for limited funding. In its country partnership strategy, the bank committed a fairly large envelope for Croatia with more than US$300 million per year, a large chunk of which has been earmarked for infrastructure development.
The strategy, however, was formulated in 2008 and recent developments may bring some changes to the amounts and areas of assistance that World Bank has previously committed to work on.
Aside from infrastructure initiatives, climate adaptation, environmental protection, and education projects have been set to receive financing in the bank strategy.
