WASHINGTON, November 17, 2009 - The World Bank’s Board of Executive Directors today approved the following project:  IBRD Loan: US$100 million equivalent Terms: Maturity = 20 years; Grace Period = 8 years Project ID: P115958  Project Description: The Second Programmatic Private and Financial Development Policy Loan Project for Serbia aims to support reform in three policy areas: (i) enhancing business-enabling environment to encourage new private sector investments; (ii) strengthening financial discipline by enforcing hard budget constraints and continued reform of enterprise sector and public utilities; and (iii) building a more efficient and stable financial sector through continued restructuring of state holdings in banking and insurance sectors, enhancing crisis preparedness, and encouraging development of the capital markets.  Media Contact Michael Jones (202) 473-2588 mjones2@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P115958 |
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