WASHINGTON, March 5, 2009 - The following project was approved today by the World Bank’s Board of Executive Directors:  IBRD LOAN: Euro 34.9 million TERMS:  Maturity = 20 years; Grace period = 8 PROJECT DESCRIPTION: The loan will support the Government of Serbia’s reform actions by enhancing the business environment to encourage new business and to attract foreign direct investments; strengthening financial discipline by enhancing hard budget constraints in the enterprise sector through continued reform of socially owned enterprises and restructuring of public utilities; and building a more efficient and stable financial sector by, strengthening prudential supervision of the banking sector and encouraging development of the capital markets.  Media Contact Michael Andrew Jones (202) 473-2588 mjones2@worldbank.org  For more information on this project visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P096711    |
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