Structural issues hold back SEE’s growth potential, governments should not let up on reforms
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector.
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IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector.
One of the biggest issues the region is struggling with right now is that structural reforms have not moved as fast as we have expected or hoped for. As a result, SEE countries are saddled with relatively high unemployment and poorly functioning labour markets and, consequently, the levels of growth across the region are not reaching full potential and are not high enough to address those kinds of fundamental challenges.
IFC is planning to invest around 1 billion U.S. dollars in Southeast Europe,excluding Turkey, this fiscal year.