The European Investment Bank will provide 50 million euros (USD59.7 million) to support a project that aims to improve the quality of education and construct better school infrastructure in Serbia. The loan will cover approximately 50 percent of the total cost of the modernization project, which targets the country’s primary and secondary education sector, according to an EIB press release.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
