World Bank approves EUR 183 million loan to Serbia for development policy
This loan, the first in a proposed series of two public expenditure and public utilities development policy loans (PEPU DPL) supports the Government of Serbia's multi-year effort to raise the efficiency and effectiveness of public spending and transform the energy and transport sectors, the press release says. It is emphasized that these reforms are important strategic objectives in the context of Serbia’s EU accession process.
– A more efficient public administration and performing public utilities are among the critical missing links in making the Serbian economy more investment friendly. The reforms supported under this program will therefore help attract private investors and contribute to job creation – said Ellen Goldstein, the World Bank Country Director for the Western Balkans.
Regarding public expenditure management, the main challenge facing Serbia today is improving the quality of public services, such as education and health, while controlling the public sector wage bill.
The program supports reforms that will reduce public expenditures and address bottlenecks to improved delivery of these critical services to Serbian citizens.
Reforms include revising the legislative and policy framework for public sector employment, reforming the pay and grading system, and adjusting staffing levels in a structured manner.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
18.04.2024. | Industry, Finance
Here come the new hunters for Serbian gold – Australian Strickland Metals buys mining project on mountain Rogozna
18.04.2024. | Industry, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Transport
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Transport