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Slovak Republic increases funding for EBRD projects

The country is a recipient of EBRD investments and since 2006 a donor to  the EBRD. Jan Pociatek, the Slovak Finance Minister, and Horst   Reichenbach, EBRD Vice President, speak about the Slovak - EBRD   cooperation.

The Slovak Republic has  just contributed €1 million to the EBRD in addition to is  contribution to the  multi-donor Western Balkans Fund. Why and where will  this contribution be directed to?

Jan   Pociatek: Having experienced the transition from  central  governed to a  fully market-oriented economy, the  Slovak Republic  understands how important this transition is. Therefore we have decided to share   knowledge from economic achievements with countries of our foreign policy  priorities -  Albania,  Armenia,  Azerbaijan,  Belarus,  Bosnia &   Herzegovina,  Croatia,  Georgia,  Kazakhstan,  Kyrgyz  Republic, FYR  Macedonia, Moldova,  Mongolia,  Montenegro,   Serbia,  Tajikistan,  Turkey,  Turkmenistan,  Ukraine  and  Uzbekistan.

Over the past 15 years, the  Slovak Republic benefited from the cooperation with international financial institutions such as the EBRD  and the World Bank in receiving financial, technical and know-how assistance.  The Slovak Republic has benefited from EBRD support in the successful  privatisation of banks, establishment of credit lines to support enterprises and  the financial sector. The Slovak  Republic is set to play an important role in advancing global  priorities for development objectives, and sharing lessons of experience and  good practices with other countries that still face large development  challenges.

Since 2007 the Slovak Republic has contributed to the  Western Balkans Fund the amount of EUR 700 000. As the member of the Assembly of  Contributors we are enjoying close co-operation with traditional as well as  emerging donors which give us an opportunity to build our donor´s capacity.  Support of democratic and integration development in the Western Balkans is one  of the priorities of the Slovak foreign policy.  

How do you  value cooperation with the Bank as a donor and a recipient of EBRD  investments?

Jan  Pociatek: Slovakia has   after its transition and integration processes towards OECD, NATO, the EU  and euro area membership become one of the  key central European emerging  donors. We have a better chance to benefit from the huge experience of the EBRD  and together with such a strong partner, we have an opportunity to influence aid  flow and know-how transfer to those countries of our close historical ties. 

The Slovak Republic is one of the five new EU member states that  became donors to the EBRD by contributing to the multi-donor Western Balkans  Fund. How do you value its role as a donor?

Horst   Reichenbach: It is very moving to see a  country of  operations become a donor, to see a country like the Slovak Republic  that  has received a lot in terms of EBRD investments, start to give to its   neighbours. Slovakia joined the EBRD's multi-donor Western Balkans Fund in  2006 and its contribution is not just financial but it is also bringing this  depth of knowledge about the region. Together with other donors in the Fund,  Slovakia is working to approve funding for EBRD projects in the Western Balkans,  which will contribute to better conditions and improved services for people in  the region.

EBRD Home Page 

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Ministry of Finance
of the Slovak republic

Štefanovičova 5
P. O. BOX 82
817 82 BRATISLAVA
IČO: 00151742

+421 2 5958 1111
podatelna@mfsr.sk

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