Primorac met with members of the World Bank. Discussed inflation and jobs
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At the meeting with the Vice President of the World Bank, Primorac said, to Akihika Nishi’s development funding that Croatia fully supports the mission of the International Association for Development (IDA) to reduce poverty and promote sustainable development. Nishia emphasized the role of Croatia as a regional model and recalled that the early and proactive engagement of Croatia helped to encourage other countries in the region to join the initiative, the Ministry said.
Croatian Challenges Inflation and Geopolitical Environment
The key topics discussed at the World Bank Executive Director Eugene Rhuggenaath included the cooperation of Croatia with the World Bank and the Central Theme of this year’s Spring Meetings: Creating jobs, according to a statement. Croatia, which is part of the Dutch constituents at the World Bank, which includes 13 countries: Armenia, Bosnia and Herzegovina, Bulgaria, Cyprus, Georgia, Israel, Croatia, Northern Macedonia, Moldova, the Netherlands, Romania, Ukraine and Montenegro, serves as an example to other countries in Constitenci. Minister Primorac said « although the economic results of Croatia are strong, with the real GDP growth, which reached 3.9 percent in 2024 and historically low unemployment, challenges remain, especially regarding inflation and geopolitical environment. » He also noted that Croatia closely follows the wider effects of global trade tensions and growing customs, and especially events in our main trade partners. « Our cooperation with the bank was fruitful, with almost 4 billion euros of financing support for structural reforms and a series of development investment projects, » said Primorac.
Croatia currently has a loan portfolio of 624.9 million euros in six active World Bank projects, including a recovery recovery project. Contracts for two main components, KBC Rebro Phase III and Nazorova building, have already been signed. Liquid projects include: a project of education, implementing a four -year -old school program; The justice reform project and various initiatives for digital innovation and green technology. Preparations for future projects are also underway, the Ministry of Finance said.
An important effective implementation of a national plan for investing in a meeting with Vice-President of the World Bank for Europe and Central Asia Antonell Bassana is paid to a new partnership framework (Country Partnership Framework (CPF) for the period 2025-2029, as well as cooperation with IDA and IFC. a presentation in which she presented the best global practices to attract investment. Effective models. Although Croatia has a strong national investment plan, the emphasis is placed on the importance of an effective implementation. Both sides agreed on further cooperation on this program and cited digitization as another important area. The World Bank team expressed his willingness to support the government in that plan. At the meeting with Vice-President of the International Financial Corporation (IFC) Alfonso García More, the current cooperation between Croatia and IFC was considered and discussed priorities for future engagement in the private sector. Currently, the approval of the partnership with the state (CPF) is awaited, which, among other things, will define a five-year strategic cooperation between IFC and Croatia.
Also discussed is the plans for maintaining a conference in Croatia, where IFC would present its activities and the capabilities of the private sector. The date of the conference will be subsequently confirmed. Since Croatia became a member of 1993, IFC has invested a total of EUR 1.8 billion in the country through different instruments aimed at supporting the private sector development, the statement concludes.
