World Bank Shores Up Serbia's Financial, Private Sector Development

The

will disburse EUR34.9 million (USD44 million) to help Serbia achieve its economic growth targets that are essential for its bid to become a European Union member. The assistance will back government reforms targeted at improving the nation's business climate, improving financial discipline through the restructuring of public utilities and socially-owned enterprises, and stabilizing the financial sector by developing capital markets and strengthening the supervision of the banking sector.