Economic team presents results of Serbia’s reforms

A government delegation on a working visit to the United States presented today at a gathering of investors, organised by the American Economic Association, the results of Serbia’s reforms. On their fourth day in the US, the government’s economic team – Minister of Energy and Mining Kori Udovicki, Minister of Economy and Privatisation Aleksandar Vlahovic and Minister of International Economic Relations Goran Pitic – had several important meetings with officials of key US government institutions which support improving privatisation and propping up the private sector as a pillar of transition.

At a meeting with representatives of the Export-Import Bank of the United States, the Serbian delegation was assured that the Bank was ready to actively participate in trade relations between US Steel and local steel mill Sartid. Ex-Im Bank gives guarantees to American companies interested in investing in transition countries.

The Overseas Private Investment Corporation (OPIC), which insures US businesses in order to help them invest in developing countries, confirmed today it will back the Serbian Ministry of Economy and Privatisation, by providing necessary support to US companies that want to take part in privatisation in Serbia.

Further talks with the World Bank centred on the issue of restructuring. The delegation also met with US Senate representatives with the aim of gaining support for reforms, as well as in fighting organised crime.

Afterwards, the Serbian government delegation will discuss with distinguished Harvard University professors in Boston, Massachusetts, increasing the Serbian economy’s competitiveness on both regional and world markets.

Following this, the delegation will hold a panel discussion with university students, to pay homage to slain Serbian Prime Minister Zoran Djindjic, who gave a special lecture on Serbia at Harvard in September 2002.

Also in Boston, the government’s economic team will be joined by Serbian private and civil sector representatives in the National Council for Compositeness.