EBRD hosts Western Balkan Prime Ministers for investment summit
Heads of government from six Western Balkan countries will attend an event in London
Focus on foreign direct investment, regional and international economic integration
Project pipeline 2022 focuses on green infrastructure, renewable energy and small businesses
The European Bank for Reconstruction and Development (EBRD) will host the heads of government of Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia at its summit on Western Balkan Investment 2022 on Monday, February 28.
The event will be held in a hybrid online and physical format. The interactive discussion between heads of government and EBRD President Odile Renaud-Basso will be streamed live. Investors will be able to participate in the interactive “Premiers’ Session” online.
The summit will be attended by: Ana Brnabic, Prime Minister of Serbia; Dimitar Kovacevski, Prime Minister of North Macedonia; Zdravko Krivokapic, Prime Minister of Montenegro; Albin Kurti, Prime Minister of Kosovo; Edi Rama, Prime Minister of Albania; Zoran Tegeltija, Chairman of the Council of Ministers of Bosnia and Herzegovina; and Odile Renaud-Basso, President of the EBRD.
The European Commissioner for Enlargement, Olivier Várhelyi, will also address the summit.
The panel will be streamed live via the Kaltura platform, which will appear on a dedicated page on ebrd.com. In the event of technical difficulties, the backup live stream will be available on YouTube. Translation to and from Albanian, Macedonian, Bosnian/Croatian/Montenegrin/Serbian will be provided via the Interactio app.
This is the fifth EBRD summit of its kind; the first Western Balkan summit, which brought together for the first time all the prime ministers of the region, was held at the EBRD in February 2014. The objective of the summit is to highlight investment opportunities and develop business and promote regional connectivity.
The EBRD in the Western Balkans
The Western Balkans are a priority region for the EBRD, the largest institutional investor in the region, with more than €15 billion invested to date.
Having invested €1.046 billion in 2021, the EBRD has already identified investment opportunities of the same amount for 2022 and plans to further increase the pipeline. This includes, among others, projects supporting green energy transition, regional connectivity and environmental infrastructure, as well as private sector financing, both directly and through lines of credit and risk sharing with banks. local businesses.
Albania: the EBRD invested €201 million in 2021, with total commitments of €1.8 billion. A recent collaboration with the EU and the Albanian government has provided support for tourism and agribusiness.
Bosnia and Herzegovina: the EBRD has invested €140 million in 2021, with total commitments of €2.8 billion. Recently, the Bank financed energy efficiency in buildings with the EU and signed new financing for the digitization and competitiveness of small and medium-sized enterprises (SMEs).
North Macedonia: the EBRD has invested €134 million in 2021, with total commitments of €2.23 billion. The Bank has introduced the risk sharing mechanism with a local bank as a new product in the country. A new model of cooperation with the UN on green financing will be piloted in the country in 2022, with the support of the government.
Kosovo: the EBRD has invested €50 million in 2021, with total commitments of €583 million. The EBRD has just adopted a new national strategy for Kosovo and has supported women entrepreneurs with the EU and other donors.
Montenegro: the EBRD has invested €22 million in 2021, with total commitments of €703 million. Recently, the EBRD supported a comprehensive review of broadband infrastructure development in Montenegro, with EU-funded technical assistance through the Western Balkan Investment Fund (WBIF).
Serbia: the EBRD has invested €499 million in 2021, with total commitments of €7.2 billion. More recently, the EBRD and The French Development Agency (AFD) provided 150 million euros for solid waste management.
The EBRD is actively engaged in the areas of policy and regulatory reform, helping countries develop and implement ambitious decarbonization strategies, strengthen the business climate and governance of public enterprises, create more inclusive economies and accelerate the region’s digital transition. In the most recent example, the Bank helped the North Macedonia Stock Exchange develop guidelines for environmental, social and governance reporting by listed companies.
The Bank also supports regional and cross-border projects. An example of innovative financing is the recent investment in an investment fund that will provide equity financing to early-stage technology companies in the Western Balkans, Croatia and Slovenia.
The construction of the electricity interconnector between North Macedonia and Albania has started, also supported by the EU grant under the Western Balkans Investment Framework.