"EBRD to play key role in economic recovery"

A key role in increasing economic stability in Serbia will be played by the European Bank for Reconstruction and Development (EBRD), says Radovan Jelašić.

Izvor: Politika

Saturday, 16.05.2009.

14:05

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A key role in increasing economic stability in Serbia will be played by the European Bank for Reconstruction and Development (EBRD), says Radovan Jelasic. The National Bank of Serbia (NBS) governor told daily Politika, ahead of a session of the EBRD board in London, that it was first “necessary for Europe to find an instrument and remedy for resolving the crisis.” "EBRD to play key role in economic recovery" The Serbian delegation, led by Finance Minister Diana Dragutinovic and the National Bank governor, is taking part at the EBRD’s annual forum, whose basic theme this year is “Future Investment: Opportunities in a Tougher Climate”. Jelasic stressed that Serbia had taken measures to tackle the economic crisis, which it can neither avoid nor tackle alone, at an opportune time. “The worst fallout from the global crisis has been averted in the region, even in Serbia, but the next year or two will definitely be full of challenges: money will be more expensive, unemployment will grow, the transfer of foreign capital will be smaller… but Serbia has reason to trust in the macro-measures it’s taken thus far,” he said. Radovan Jelasic (FoNet, archive)

"EBRD to play key role in economic recovery"

The Serbian delegation, led by Finance Minister Diana Dragutinović and the National Bank governor, is taking part at the EBRD’s annual forum, whose basic theme this year is “Future Investment: Opportunities in a Tougher Climate”.

Jelašić stressed that Serbia had taken measures to tackle the economic crisis, which it can neither avoid nor tackle alone, at an opportune time.

“The worst fallout from the global crisis has been averted in the region, even in Serbia, but the next year or two will definitely be full of challenges: money will be more expensive, unemployment will grow, the transfer of foreign capital will be smaller… but Serbia has reason to trust in the macro-measures it’s taken thus far,” he said.

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