EBRD President Chakrabarti Visits Montenegro

By , 16 Apr 2019, 21:24 PM Politics
EBRD President Chakrabarti Visits Montenegro Copyrights: Government of Montenegro; V. Tomović

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16 April 2019 - On April 16, Prime Minister Duško Marković hosted the President of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti who is on an official visit to Montenegro. During the meeting, it was noted that Montenegro has achieved excellent results in economic policy, has a good development prospect and numerous opportunities for progress and investments with the support of the European Bank for Reconstruction and Development.

"My compliments for the accession of Montenegro to NATO as well as for the progress made in relations to the accession to the EU. Our job is to help, to invest in the region, to bring it closer. Montenegro is ahead of other countries in these aspects," said Sir Chakrabarti. The EBRD President also pointed out that in many projects the EBRD partners with the EU as well as in policy reform and the improvement of the investment climate.

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He congratulated Prime Minister Marković on the results in economic policy - achieved growth, revenue growth, and pointed out that foreign financial markets look positively at the developments in Montenegro, which was shown when the Eurobonds were issued last year.

Sir Chakrabarti said that Montenegro plays a special role in the Western Balkans and it has a special place within the EBRD as a whole, for it is in Montenegro that the EBRD has its highest per capita investment.

"And we have a good reason for this - we have good investment conditions," Chakrabarti said, adding that there are fantastic opportunities for new investments in Montenegro and support from the EBRD.

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PM Marković said that the Government is focused on the economy, creation of new jobs and providing a better standard of living. He pointed to the importance of previous EBRD support to state institutions and enterprises, as well as the private sector. The meeting discussed further strengthening of cooperation in the field of tourism, energy and infrastructure, without whose improvement there is no dynamic development.

Both sides agreed that it is important to continue structural reforms, reducing the grey economy, strengthening competitiveness and the business environment.

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