Serbia Second Public Expenditure and Public Utilities DPL (WB-P161184)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • 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
Active
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
Mar 20, 2018
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
REPUBLIC OF SERBIA
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
  • Law and Government
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 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)
$ 200.00 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 3, 2018

Disclosed by Bank Jun 8, 2017


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Project Description

This is a development policy loan that provides financing to improve public expenditure management, and the financial sustainability of energy and transport sector public enterprises and state-owned companies.

Structural reforms include:

- "Steps to strengthen the business environment by ensuring greater policy and institutional predictability, better coordination of different agencies, and more efficient incentive policies; reforming the labor market to make it more flexible; reforming and streamlining of the system for issuing construction permits, and upgrading of critical transport infrastructure

- Structural reforms of the public sector that aim to make it more efficient, reduce the footprint of the state, and lower fiscal risks."

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact: Ekaterina Vostroknutova
Title: Lead Economist
Tel: (1) 202-4582711
Email: evostroknutova@worldbank.org 

Contact: Rakesh Tripathi
Title: Senior Transport Specialist
Tel: (359) 2 -9697262
Email: rtripathi1@worldbank.org

Borrower/Client/Recipient
Contact: Mr Dusan Vujovic
Title: Minister of Finance
Tel: + 381 11 364 26 56
Email: dusan.vujovic@mfin.gov.rs

Implementing Agencies
Ministry of Finance
Phone:+ 381 11 364 26 00
E-mail: informacije@mfin.gov.rs  

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 ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.