ZAGREB, Oct 29 (Hina) - The cooperation between the European Bank for Reconstruction and Development (EBRD) and Croatia was excellent, the EBRD director Jacques de Larosiere said on Tuesday adding that the portfolio of the signed
commitments on the part of the EBRD toward Croatia would reach almost US $400 million by the end of the year.
ZAGREB, Oct 29 (Hina) - The cooperation between the European Bank
for Reconstruction and Development (EBRD) and Croatia was
excellent, the EBRD director Jacques de Larosiere said on Tuesday
adding that the portfolio of the signed commitments on the part of
the EBRD toward Croatia would reach almost US $400 million by the
end of the year. #L#
"When I began my mandate, the portfolio totaled about $20
million, and this proves that we have been very active in Croatia
in the past four years," said De Larosiere who met Croatia's Prime
Minister Zlatko Matesa on Tuesday.
They discussed impetus to the cooperation between the European
Bank and Croatia in the infrastructure development, banking,
privatization and tourism, Prime Minister Matesa said after the
talks.
By the end of 1997 the EBRD may establish relations with 15
Croatian banks by co-ownership or credit lines. It was important to
Croatia, as that could introduce fresh capital and new
international bank standards, Matesa said.
De Larosiere and Matesa also talked about privatization of
Croatia's big companies and the Bank's delivery of a DM 50-million-
worth second portion of the credit line to Croatia for
reconstruction of tourism.
(hina) jn mš
291820 MET oct 96