Serbia: Programmatic Private and Financial Development Policy Credit

WASHINGTON, December 6, 2005- The following project was approved today by the World Bank’s Board of Executive Directors:

IDA CREDIT: US$55 million
TERMS: Grace period = 10 years; Maturity = 20 years
PROJECT DESCRIPTION: The main objective of this project is to strengthen fiscal discipline in the enterprise, energy and transport sectors, build a more efficient and stable financial sector, and improve the investment climate through a series of policy reforms.

For more information, please call Miriam Van Dyck: 202- 458 2931 or email Mvandyck@worldbank.org
For project documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P089116