Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Serbia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Sectors

Finance

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 10, 2023

Disclosed by Bank Nov 16, 2021

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The SME Competitiveness Support Programme in Serbia ("the Programme") aims to strengthen the competitiveness of SMEs in national, regional and international markets by incentivising them to undertake investments necessary to increase their productivity and competitiveness, to improve their production capacities and enhance processes and product quality through the introduction of the EU standards in the field of environmental protection, product safety, product quality and occupational health and safety. These improvements will boost the overall competitiveness of SMEs within both the national and regional economy along with the EU internal market. The Programme comprises EBRD credit lines to financial intermediaries in Serbia for on-lending to SMEs supported by the EU-funded incentives to SMEs and technical assistance for Programme implementation. The Programme is expected to finance a significant amount of green economy technologies that will be accounted as part of the overall results.

The objectives of the "Serbia EU/EBRD SME Competitiveness Support Programme - Evaluation Study and Capacity Building" technical cooperation project are to:

1. Establish whether the investments supported by the Programme led to an increase in the competitiveness of the SMEs that have benefited from it;2. Provide recommendations on how similar programmes could be deployed in the future and how local stakeholders could ultimately continue the implementation of this product beyond the EU support;3. Ensure sustainability of the Programme and transfer of know-how; further dissemination of best practices to a wider group, provide local capacity-building to organisations which could in the medium term implement a government-supported programme of similar nature or objectives.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information was provided at the time of the disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html