Serbian Prime Minister Vojislav Kostunica said today in talks with the World Bank Vice-President for Europe and Central Asia Shigeo Katsu that the loan from the World Bank is of great importance for the development of the private and financial sectors in Serbia, stressing that it is the government’s priority to improve the economic atmosphere.
Katsu said that the interest free loan from the World Bank for the development of the private and financial sectors of Serbia, worth $55 million, is a sign given by that world organisation of its support of the Serbian government for the efforts it is making for implementing structural reforms. He said that the loan of $55million is the first in a series of future development programmes between the World Bank and Serbia.
At the meeting it was jointly stated that Serbia has made major progress in implementing reforms, which the World Bank greatly values in its Annual Report, where Serbia has been ranked first for progress in reforms among 155 competing countries.
The talks included Serbian Minister of Economy Predrag Bubalo, Minister of International Economic Relations Milan Parivodic and Minister of Finance Mladjan Dinkic, and addressed possibilities for future projects in the areas of infrastructure as well as discussions on issues such as fight against poverty and regional development.