Croatia became the 28th member of the EU on July 1, 2013. To prepare, the government had strived to boost economic competitiveness and ensure Croatians enjoy sustainable improvements in their quality of life—a difficult task given the current external environment.
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As of April 2013, the portfolio in Croatia consists of 10 ongoing projects totaling $748.4 million. The World Bank has been focusing its assistance on helping Croatia prepare for successful EU integration and implement structural reforms that would boost competitiveness and mitigate the impact of the financial crisis. Since 1993, the Bank has provided financing for 47 projects in the amount of $3.3 billion.
The new wastewater treatment facilities were built under a government-run project to combat pollution in Croatia’s coastal areas, which represent millions of dollars in needed tourist revenue.Read More »