WASHINGTON, March 20, 2018 – The World Bank’s Board of Executive Directors today approved the following project:
Serbia Second Public Expenditure and Public Utilities DPL
Amount: €160.6 million
Grace period: 9 years
Maturity: 20 years
Project objective: This is the second in a series of two development policy loans to support the Government of Serbia’s multi-year fiscal consolidation agenda and transformation of energy and transport sector public enterprises and state-owned companies.
It supports policy and institutional reforms with the following objectives: 1) improve public expenditure management through strengthened public financial management and public administration reform; 2) improve the financial sustainability and efficiency of energy sector public enterprises; and 3) improve the financial sustainability and efficiency of transport sector public enterprises and state-owned companies.
For more information about this project, please see here: https://projects.worldbank.org/P161184?lang=en.
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