EBRD to help with Balkan floods

30 May 2014

The European Bank for Reconstruction & Development (EBRD) is helping to boost economies affected by flooding in the Balkans.

As part of the regional flood response, the EBRD will place a priority on the rehabilitation of damaged roads, railways and water supply systems, as well as damaged power stations, and transmission and distribution networks.

In addition to looking to provide extra capital for small and medium sized enterprises, especially in the agribusiness and farming sectors, it will in the longer term be placing an emphasis on working with authorities to develop improved flood protection systems and help reduce the risk of such widespread damage in the future.

The EBRD vice president for policy, András Simor, is on a visit to flood-affected parts of Bosnia and Herzegovina to meet senior officials and international counterparts.

Simor’s visit comes after the floods inflicted severe damage across the Balkans. No official estimates of the damage are available so far, but agriculture, infrastructure, transport and local businesses are expected to have been hit worst.

Before the visit, Simor said, “The EBRD is committed to helping Bosnia and Herzegovina overcome this devastating tragedy. This is a regional disaster and we stand ready to help countries affected by the floods.”

The EBRD invested over €1.2 billion in more than 80 projects in the Western Balkans and Croatia in 2013, and had been expecting the same level of engagement this year.


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]