Technical assistance for reform of financial reporting in Serbia (WB-P154862)

  • Serbia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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
Feb 20, 2016
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.
Ministry of Finance
The holder of the loan, grant, or other investment.
  • Education and Health
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.81 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 3.81 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 17, 2017

Disclosed by Bank Sep 25, 2015

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Project Description
This project finances technical assistance for the implementation of a sound institutional framework for corporate financial reporting and capacity building for preparing, teaching, regulating, auditing, and using reliable financial reporting. This includes three components: i) Completing and enhancing the accounting and financial reporting framework; ii) Building an effective audit oversight and quality assurance system; and iii) Improving accounting and auditing curricula for university and professional education programs.
Investment Description
  • World Bank (WB)
Contact Information
World Bank Contact: Jarett Decker Title: Sr Financial Management Specia Tel: 5258+70712 / Email: Borrower/Client/Recipient Name: IBRD Contact: Antonius Verheijen Title: Country Manager Tel: 381113023700 Email: Implementing Agencies Name: 111Ministry of Finance Contact: Zlatko Milikic Title: Assistant Minister Tel: (381-11) 361-4007 Email: ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing You can learn more about the Inspection Panel and how to file a complaint at: