SARAJEVO, April 3 (Hina) - The situation in southeastern Europe is still not sufficiently calm or stable and this affects the interest of potential foreign investors in the region, the World Bank's regional co-ordinator Christian
Poortman said in Sarajevo on Tuesday. Poortman, who is on his regular visit to Bosnia-Herzegovina, used this occasion to warn local authorities that only the announcements about political changes would not be sufficient for the attraction of investments or donations. A part of this country's problems is of the regional nature. The situation in the region is unstable and volatile and this obviously influence investors. But, there are other obstacles such as unfavourable legal regulations, and this is what the new authorities can change, Poortman said at a news conference. According to the World Bank's estimates, the average growth
SARAJEVO, April 3 (Hina) - The situation in southeastern Europe is
still not sufficiently calm or stable and this affects the interest
of potential foreign investors in the region, the World Bank's
regional co-ordinator Christian Poortman said in Sarajevo on
Tuesday.
Poortman, who is on his regular visit to Bosnia-Herzegovina, used
this occasion to warn local authorities that only the announcements
about political changes would not be sufficient for the attraction
of investments or donations.
A part of this country's problems is of the regional nature. The
situation in the region is unstable and volatile and this obviously
influence investors. But, there are other obstacles such as
unfavourable legal regulations, and this is what the new
authorities can change, Poortman said at a news conference.
According to the World Bank's estimates, the average growth in the
Bosnian Gross Domestic Product was 10 percent last year and was
higher than planned, but this was still not enough for Bosnia to
reach a level necessary for speedy economic recovery.
The GDP is expected to rise between 5 and 7 percent this year.
The Bank's official confirmed that some 200 million dollars were
still at the disposal through means which the World Bank delivers to
Bosnia via the IDA projects. However, some conditions should be met
before the money could be given.
I am personally encouraged by statements of the new Bosnian
authorities who promise essential changes and I hope we shall very
soon see whether the real progress is going to be made, he added.
(hina) ms