The World Bank’s board of directors held discussions about a new country partnership strategy for Macedonia, which would run from 2011 to 2014.
The new CPS aims to improve Macedonia’s competitiveness through investments in education, environment and infrastructure. It will also target social programs and clean energy.
The new strategy proposes approximately USD100 million for the first two years. The lending program for the succeeding two years under the strategy will be discussed “closer to the time” of the midterm review of the CPS, a World Bank release states.
The International Finance Corp., the bank’s private sector arm, is expected to provide as much as USD100 million in financing during the CPS period. Future assistance will also be allocated to support the nation’s accession to the European Union.