Serbia: Programmatic Public Expenditure Development Policy Loan Program

WASHINGTON, November 17, 2009 - The World Bank’s Board of Executive Directors today approved the following project:

 

IBRD Loan: US$100 million equivalent

Terms: Maturity = 20 years; Grace Period = 8 years

Project ID: P108759

 

Project Description: The Programmatic Public Expenditure Development Policy Loan Program for Serbia aims to support reforms that will help improve the productivity of public spending, including: (i) public expenditure management reforms to address poorly managed fiscal spending and to help improve fiduciary conditions; (ii) public expenditure allocation reforms to improve the quality of spending in the largest spending sectors; and (iii) social assistance reforms, especially for cushioning the impact of the economic crisis and enhancing the coverage of social assistance programs.

 

Media Contact

Michael Jones

(202) 473-2588

mjones2@worldbank.org

 

For more project information, please visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P108759