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PRESS RELEASE

World Bank Vice President Visits Croatia to Discuss Structural Reforms and Fiscal Consolidation

April 26, 2016


ZAGREB, April 26, 2016 — Today, Cyril Muller, World Bank Vice President for Europe and Central Asia, completed his first visit to Croatia, where he and Arup Banerji, World Bank Regional Director for Operations in the European Union, met with H.E. Zdravko Maric, Minister of Finance, Mr. Boris Vujcic, Governor of the Croatian National Bank, and the President’s and the Prime Minister’s offices and the diplomatic community, to discuss Croatia’s reform agenda and reconfirm the World Bank Group’s commitment and support to the Government’s efforts.

“It is encouraging to see the positive growth prospects of Croatia and the commitment of the Government to the challenging and much needed reform agenda,” said Cyril Muller at the end of his visit. “Croatia should focus on speeding up reforms in the areas of public finance - including more efficient public service delivery - as well as investment climate and private sector growth."

Since joining the World Bank Group in 1953, Croatia has benefited from its technical and financial assistance, the latter totaling up to US$3.5 billion. The World Bank Group remains committed to supporting the government’s fiscal adjustment agenda through structural reforms at sector level, increasing the competitiveness of the economy and maximizing the benefits of becoming an EU member.

Media Contacts
In Washington
Elena Karaban
Tel : +1 (202) 473-9277
ekaraban@worldbank.org
In Zagreb
Vanja Frajtic
Tel : +385 1 2357 230
vfrajtic@worldbank.org

PRESS RELEASE NO:
2016/ECA/125

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