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Hongjoo J. Hahm new head of the World Bank Office for Croatia

The new head of the World Bank Office for Croatia, Hongjoo J. Hahm, is visiting Croatia, marking his first visit before officially taking office on October 1 of this year, as announced today by the World Bank Office in Croatia.

"The purpose of this visit is to better familiarize himself with the country, which will be aided by meetings with government officials, public opinion makers, members of the business community, and other interest groups, as well as to see the effects and benefits of the projects financed by the World Bank in the Republic of Croatia," the statement said. It is noted that Hahm will be joined during his visit by Andras Horvai, the former head of the World Bank Office for Croatia.

The main task of the World Bank at a global level is to assist countries in combating poverty and to provide advice on policy-making that supports long-term and sustainable economic growth while protecting the poor and vulnerable groups in society. In Croatia, as stated, the World Bank’s support is focused on better preparation for EU membership, with a growing and competitive economy, while also improving the quality of life for all its citizens and protecting those who are most vulnerable.

"The Bank continuously collaborates with the Government of the Republic of Croatia on key reforms aimed at accelerating economic recovery. The World Bank is ready to support government efforts in implementing the Economic Recovery Program," the statement emphasizes. Since the Republic of Croatia became a member of the World Bank in 1993, the Bank has been active in providing financial and technical assistance, advising on policy matters, and providing analytical services to the Republic of Croatia.  To date, the Bank has provided support for 45 projects with a total value of three billion US dollars and approved 52 grants totaling 70 million dollars. Currently, 15 projects are being implemented, with a total value of approximately 1.2 billion dollars, the statement says.