Spectator on facebook

Spectator on facebook

Slovak representative opposes call to take Visegrád states off EBRD assistance

LONDON - Western bankers and officials warned the former communist countries of central and eastern Europe on April 14 that they needed to act more vigorously to stamp out corruption and inefficiency, while saying that some of the region's more economically advanced countries, such as Slovakia, be weaned from assistance programs.
At the annual meeting of the European Bank for Reconstruction and Development (EBRD), German finance ministry state secretary Juergen Stark said the EBRD, set up in 1991 to help the former Soviet bloc make the transition to market economies, scale down its activities in the most successful countries - generally understood to mean the Czech Republic, Poland, Slovakia and Hungary - in favor of the weaker ones.

LONDON - Western bankers and officials warned the former communist countries of central and eastern Europe on April 14 that they needed to act more vigorously to stamp out corruption and inefficiency, while saying that some of the region's more economically advanced countries, such as Slovakia, be weaned from assistance programs.

At the annual meeting of the European Bank for Reconstruction and Development (EBRD), German finance ministry state secretary Juergen Stark said the EBRD, set up in 1991 to help the former Soviet bloc make the transition to market economies, scale down its activities in the most successful countries - generally understood to mean the Czech Republic, Poland, Slovakia and Hungary - in favor of the weaker ones.

"The Bank must begin to withdraw from operations in the advanced central European countries, for which an increasing volume of private finance is on hand," Stark said. "This means that the regional emphasis of the Bank's operations will shift further eastwards."

But his Slovak counterpart, Tatiana Šilhanková, objected, saying it would be premature. "It certainly seems premature to consider suspending Bank lending to certain central European countries because they have reached an advanced stage of transition towards a market economy," she said.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

People marched for LGBTI rights in Bratislava

Take a look at the Bratislava Rainbow Pride 2018 that took place on Saturday, July 14.

First Slovak LGBTI activist has fought for 40 years

Czechoslovakia was one of the first countries to say homosexuality is not a crime, also thanks to the first activists like Imrich Matyáš.

Imrich Matyáš (r) met with German publicist and lawyer Kurt Hiller (second r) in Ľubochňa in 1935.

Measles might spread further west

Police will assist the vaccination in communities from where the epidemic spread.

This is why I support the Pride march

There is still a lot of work ahead of us in the United States, in Slovakia, and around the world to fight for equal rights for everyone no matter who they are or who they love, writer US Ambassador to Slovakia.

Slovakia's first Gay Pride parade crossed Bratislava's New Bridge on May 22.