The World Bank Group's new Country Partnership Framework for Serbia for the period 2016-2020 supports reforms in key areas that can help Serbia maintain macroeconomic stability, create better conditions for private sector growth and job creation, improve infrastructure, and provide better public services for its citizens.
With the overall goal to support Serbia in creating a competitive and inclusive economy and, through this, to promote integration into the European Union, the CPF has been developed under a new World Bank Group approach to country engagement and through extensive consultations with the government, private sector and business associations, development partners, civil society, and beneficiaries across the country.
This strategy is based on available evidence and expertise and focused on achieving the goals of reducing poverty and increasing prosperity across Serbian society in a sustainable manner.
Over the coming five-year period, the World Bank Group will focus its support to Serbia in the following two key areas.
- Economic governance and the role of the state. The World Bank Group program in this area will address constraints to the effectiveness of economic governance: the size and management of the budget, public administration capacity to implement reforms and deliver services, the footprint of the state in the economy, the efficiency and performance of public utilities and transport companies.
- Private sector growth and economic inclusion. The program will focus on addressing key constraints that hinder private sector development and economic inclusion, such as strengthening the banking system, improving land management, improving infrastructure networks, increasing renewable energy capacity, developing better skills and reducing barriers to labor market entry.