Strategy
Number of Active Projects | 14 |
IBRD Lending | $969 million* |
EU TF | $18 million |
*Number of projects and amount include Serbia-specific commitments from two regional projects
¶¹ÄÌÊÓƵAPP Group program is defined by a joint strategy for Serbia, the (CPF) FY2022-2026, approved in May 2022. The CPF aims to support the country in strengthening its institutions to accelerate economic growth in a fiscally and environmentally sustainable manner and promote more inclusive service delivery.
Key areas of World ¶¹ÄÌÊÓƵAPP Group support include maintaining hard-won macroeconomic stability and reforming the public sector, fostering the business environment, competitive markets and regional connectivity and integration, improving institutional capacity to implement and monitor reforms, and strengthening human development. At the same time, this CPF steps up the focus on the implementation of cross-cutting institutional strengthening and policy reforms for greener and more resilient growth both at the budgetary and fiscal levels and through sectoral investments that are green and clean. Similarly, the CPF supports more directly efforts to build institutional capacities for delivering services at the local self-government level.
Key Engagement
¶¹ÄÌÊÓƵAPP Group¡¯s program currently provides knowledge, technical assistance and financing in the areas of transport (railways and local roads), real estate management/business environment, R&D and innovation, competitive agriculture, health and capital market development, public sector efficiency and modernization (including the digitalization of selected public services and the modernization of tax administration), green recovery, energy efficiency and early childhood education, as well as two regional projects aimed at facilitating trade and transport in the Western Balkans and connectivity along the Drina and Sava river corridors.
The support to Serbia is presently characterized by the Green Transition Programmatic Development Policy Loan series and a Program for Results lending instrument focused on improving public financial management for service delivery and the green transition. These lending operations leveraged substantial resources from other development partners (around $200 million co-financing from AFD and another $135 million from KfW). In co-operation with the French Development Agency (AFD), the World ¶¹ÄÌÊÓƵAPP is providing $300 million in support for the Local Infrastructure and Institutional Development (LIID) project. This project helps local governments to improve their capacity to manage sustainable infrastructure and increase accessibility to economic and social opportunities in a climate aware manner. LIID is focusing on the transport sector, the second source of greenhouse gas emissions and a significant cause of air and noise pollution in Serbian cities, urban development, and public financial management.
Last Updated: Apr 19, 2024