Q:
A:
World Bank's loan to boost private and financial sectors in Serbia
Belgrade,
7 December 2005
The Serbian Ministry of Finance stated that the World Bank granted an interest-free credit to Serbia for the purpose of improving the private and financial sectors. The value of the loan is $55 million, with a 20-year repayment period and 10-year grace period.
The decision of the World Bank Board of Directors to grant such a favourable loan was significantly influenced by the adoptions of 2006 budget and a package of health laws, reads the statement of the ministry.
The World Bank stated that the grant of the loan represents the World Bank's support to the efforts of the Serbian government in implementation of significant structural reforms, which will facilitate restructuring and privatisation of Serbian companies, improve the investment climate and develop the real estate market, the statement of the ministry points out.
The World Bank stated that the grant of the loan represents the World Bank's support to the efforts of the Serbian government in implementation of significant structural reforms, which will facilitate restructuring and privatisation of Serbian companies, improve the investment climate and develop the real estate market, the statement of the ministry points out.
-
Belgrade/Athens, 17 July 2025Serbia continues to align with EU in field of energy
-
Kostolac, 14 July 2025First solar power plant Petka in Kostolac put into trial operation
-
Belgrade, 11 July 2025Potential for improving cooperation with Belarus in many areas
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS
-
Belgrade, 23 June 2025Procedures to facilitate sale of Serbian products to China to be accelerated