An ambitious EU plan to harmonise the activities of financial institutions investing in the Western Balkans has made little progress beyond an agreement reached at a meeting of EU finance ministers today to establish a website.
Sources close to the Slovenian presidency admitted there was disappointment at the slow rate of progress on the project, which aims to bring together the work of the European Commission, the European Investment Bank, the European Bank for Reconstruction and Development and the Council of Europe Development Bank.
A statement released by the EU's Council of Ministers said that a steering group between the Commission, the EIB, the EBRD and the CEB as well as representatives from member states actively involved in the region would immediately start working to “review existing instruments and define possible synergies for co-operation and harmonisation” of investment into key infrastructure projects and other development projects.
