Foreign Support
Croatia receives support from donor programs of:
- European Bank for Reconstruction and Development (EBRD)
- European Union
- International Bank for Reconstruction and Development
- International Monetary Fund
- USAID
Between 1991 and 2003, the EBRD had directly invested a total of 1,212,039,000 EUR into projects in Croatia.
In 1998, U.S. support to Croatia came through the Southeastern European Economic Development Program (SEED), whose funding in Croatia totaled $23.25 million. More than half of that money was used to fund programs encouraging sustainable returns of refugees and displaced persons. About one-third of the assistance was used for democratization efforts, and another 5% funded financial sector restructuring.
In 2003 USAID considered Croatia to be on a "glide path for graduation" along with Bulgaria. Its 2002/2003/2004 funding includes around $10 million for economic development, up to $5 million for the development of democratic institutions, about $5 million for the return of population affected by war and between 2 and 3 million dollars for the "mitigation of adverse social conditions and trends". A rising amount of funding is given to cross-cutting programs in anti-corruption, slightly under one million dollars.
The European Commission has proposed to assist Croatia's efforts to join the European Union with 245 million euros from PHARE, ISPA and SAPARD aid programs over the course of 2005 and 2006.
Read more about this topic: Foreign Relations Of Croatia
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