World Bank approves USD 34.9mn loan

The World Bank’s Board of Directors has approved a loan of USD 34.9mn for Serbia to achieve its goals of economic growth.

Izvor: Tanjug

Friday, 06.03.2009.

13:20

Default images

The World Bank’s Board of Directors has approved a loan of USD 34.9mn for Serbia to achieve its goals of economic growth. According to the World Bank’s website, the loan will support the reform moves of the Serbian government for improving business environment in order to encourage the creation of new companies and to attract FDI. World Bank approves USD 34.9mn loan The loan will also aim to help strengthen financial discipline through a more powerful budget limit in the business sector, continued reform of socially-owned and a restructuring of public companies. The money will also help build an effective and stable financial sector, strengthen controls of the banking sector and encourage development of a capital market, according to the World Bank’s statement. This one is the first in a series of three program loans for supporting development policies in Serbia, with the goal of assisting the country building up key institutions and facing reform challenges both in the private and financial sector. The loan will be approved accroding the standard conditions of the World Bank—with a deadline of 20 and a grace period of eight years.

World Bank approves USD 34.9mn loan

The loan will also aim to help strengthen financial discipline through a more powerful budget limit in the business sector, continued reform of socially-owned and a restructuring of public companies.

The money will also help build an effective and stable financial sector, strengthen controls of the banking sector and encourage development of a capital market, according to the World Bank’s statement.

This one is the first in a series of three program loans for supporting development policies in Serbia, with the goal of assisting the country building up key institutions and facing reform challenges both in the private and financial sector.

The loan will be approved accroding the standard conditions of the World Bank—with a deadline of 20 and a grace period of eight years.

Komentari 0

0 Komentari

Možda vas zanima

Podeli: