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LOANS & CREDITS

Serbia: Programmatic Private & Financial Development Policy Loan (PFDPL)

March 5, 2009



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.


Media Contacts
Michael Andrew Jones
Tel : (202) 473-2588
mjones2@worldbank.org

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