Serbia IC (IFC-602258)

Countries
  • Serbia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 29, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Serbia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 13, 2019

Disclosed by Bank Jan 8, 2019


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Project Description

Proposed project will have three components:

Component 1: Reduce costs and time for businesses by simplifying administrative procedures at the central government level
Component 2: Implement online issuance of at least 100 the most burdensome procedures.
Component 3: Improving competition and market regulation

Over the next three years , the Project aims to contribute to improving business environment in Serbia by 1) decreasing existing administrative burden business face by regulatory simplification of 1,250 licenses and permits and enabling online issuance of 100 procedures, resulting in $8 million direct compliance costs savings for businesses, and 2) opening markets by removing at least two anti-competitive practices in key sectors.

People Affected By This Project

Over the next three years , the Project aims to contribute to improving business environment in Serbia by 1) decreasing existing administrative burden business face by regulatory simplification of 1,250 licenses and permits and enabling online issuance of 100 procedures, resulting in $8 million direct compliance costs savings for businesses, and 2) opening markets by removing at least two anti-competitive practices in key sectors.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure. 

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