| Financier | Commitments |
|---|---|
| REPARIS - Road to Europe Program for ACC | 3.81 |
Serbia Technical Assistance to Reform Corporate Financial Reporting
Development Objective
The Project Development Objective is to contribute to an enhanced investment climate in Serbia by improving the institutional and technical capacity of supervisory authorities, professional organizations, and universities for quality financial reporting in line with the EU acquis communautaire and good international practice. To that effect, the project will focus on strengthening capacity for the accountancy and audit professions and improved monitoring and evaluation by regulators of financial reporting, for both private companies and SOEs.
Key Details
Project Details
P154862
Closed
Jose Rezk , Aleksandar Crnomarkovic
Republic of Serbia
Serbia
September 25, 2015
(as of board presentation)
February 20, 2016
March 24, 2016
US$ 3.81 million
Central Fiduciary Unit established within Ministry of Finance
2016
US$ 3.81 million
C
January 20, 2023
June 30, 2021
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 3.81 |
| Total Project Cost** | 3.81 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Satisfactory | 2018-11-28 |
| Overall | Moderable | 2018-11-28 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2018-11-28 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-05-2023 |
|---|---|
| Outcomes | Highly Satisfactory |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Serbia has a sound framework for CFR that is consistent with frameworks of major investor countries in Europe and conducive to investment Value 20160225 20210630 20210630 Date February 25, 2016 June 30, 2021 June 30, 2021 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Statutory framework, standards, and rules governing CFR are fully aligned with the acquis communautaire. Value 20160225 20210630 20210630 Date February 25, 2016 June 30, 2021 June 30, 2021 Comment