Presentation on theme: "Western Balkans and Europe 2020"— Presentation transcript:
1 Western Balkans and Europe 2020 Does the Western Balkan need a new Growth Model?Peter SanfeyLead Economist, EBRDRegional Coordination Meeting, Regional Cooperation CouncilBrussels, March
2 The “growth model” of the Transition Region (incl The “growth model” of the Transition Region (incl. the Western Balkans):Market-oriented reformsTrade integrationFinancial integration with the WestPolitical integration (for EU or near-EU countries).Rapid catch up and growing prosperityBut also important weaknesses and gaps
3 Is a new approach to development needed after the crisis? The EBRD answer in a nutshellNo new “growth model” needed, but region must address its key weaknessesNeed both stronger and safer growthNew reform agendaClose sector-level reform gapsDevelop local currency financeStrengthen export capacityImprove business environment
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