PM Zaev meets EBRD Vice-President Pilloux

The participation of the European Bank for Reconstruction and Development (EBRD) in supporting the reform processes in Macedonia and creating a favorable climate  for EBRD is of exceptional importance for the country’s financial stabilization and its democratic processes in general, Prime Minister Zoran Zaev and EBRD Vice President of Banking Alain Pilloux agreed Thursday at their meeting at the sidelines of the World Economic Forum in Davos.

The meeting highlighted the successful Macedonia-EBRD cooperation. Thus far EBRD has invested over EUR 1.6 billion in over 100 projects in the country. The bank’s current portfolio is at EUR 700 million, earmarked mainly for projects in the public sector.

Zaev and Pilloux reviewed the possibilities for the future cooperation and as the most attractive and particularly important, they marked the projects in the field of energy and infrastructure, which the EBRD labeled as priority for support, the government said in a press release.

In this manner, EBRD joins the international efforts to support the country’s efforts to speed up the  structural reforms and ensure a new impetus for advancing the business climate in line with the government’s commitment to revive the economy and create new jobs, as well as to implement the second phase of the Stabilization and Association Agreement with the European Union, announced by PM Zaev and his Greek counterpart Alexis Tsipras at their joint press conference.