IBRD LOAN: Euro 34.9 million
TERMS: Maturity = 20 years; Grace period = 8
PROJECT DESCRIPTION: The loan will support the Government of Serbia’s reform actions by enhancing the business environment to encourage new business and to attract foreign direct investments; strengthening financial discipline by enhancing hard budget constraints in the enterprise sector through continued reform of socially owned enterprises and restructuring of public utilities; and building a more efficient and stable financial sector by, strengthening prudential supervision of the banking sector and encouraging development of the capital markets.
