World Bank Has $340 Million for Serbia, Will Add More If Needed

The World Bank will make available $340 million for Serbia in the next two years and add $200 million in budget support in case the country is hit by euro- area turbulence.

The funds are part of the lender’s four-year Country Partnership Strategy, representing its commitment to support Serbian efforts to strengthen competitiveness and improve the efficiency of social spending, it said in an e-mail today.

The bank’s private sector lending arm, the International Finance Corporation, or IFC, will make available a further $600 million to $800 million for the Balkan country’s private sector through 2015, the World Bank said.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.