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Serbia Second Public Expenditure and Public Utilities DPL

Abstract*

The Public Expenditure and Public Utilities Development Policy Loan (PEPU DPL) series supports the Serbia government’s multi-year fiscal consolidation agenda under the following three development objectives: Pillar A: Improve public expenditure management through strengthened public financial management and public administration reform; Pillar B: Improve the financial sustainability and efficiency of energy sector public enterprises; and Pillar C:...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

This is the second in a series of two development policy loans to support the Government of Serbia’s multiyear fiscal consolidation agenda and transformation of energy and transport sector public enterprises and state-owned companies. The series supports critical policy and institutional reforms within three pillars with the following development objectives: (A) Improve public expenditure management through strengthened public financial management and public administration reform; (B) Improve the financial sustainability and efficiency of energy sector public enterprises; and (C) Improve the financial sustainability and efficiency of transport sector public enterprises and state-owned companies

Key Details

Project Details

  • P161184

  • Closed

  • Ekaterina Vostroknutova , Rakesh Tripathi

  • The Republic of Serbia

  • Serbia

  • February 12, 2018

  • (as of board presentation)

    March 20, 2018

  • July 10, 2018

  • US$ 200.00 million

  • Ministry of Finance

  • Europe and Central Asia

  • 2018

  • US$ 200.00 million

  • N/A

  • Not Applicable

  • August 30, 2019

  • BANK APPROVED

  • P155694

  • March 4, 2021

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 200.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 200.00
IDA Commitment N/A
IBRD + IDA Commitment 200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 200.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 20, 2018 IBRD-88310 Loan Commitment 200,000,000.00
Jan 23, 2019 IBRD-88310 Loan Disb 182,089,632.00
Nov 15, 2023 IBRD-88310 Int Charges 3,897,732.20
May 15, 2023 IBRD-88310 Int Charges 2,696,925.20
May 15, 2022 IBRD-88310 Int Charges 251,637.19
Nov 15, 2022 IBRD-88310 Int Charges 470,064.78
Nov 15, 2021 IBRD-88310 Int Charges 291,384.20
Nov 15, 2020 IBRD-88310 Int Charges 630,548.06
May 15, 2021 IBRD-88310 Int Charges 293,459.62
May 15, 2020 IBRD-88310 Int Charges 394,941.30
Jul 10, 2018 IBRD-88310 Loan Disb 469,875.44
Jul 10, 2018 IBRD-88310 Fee Charges 469,875.44
May 15, 2019 IBRD-88310 Int Charges 220,055.14
May 15, 2019 IBRD-88310 Int Charges 799.14
May 15, 2019 IBRD-88310 Int Charges 84,765.20
May 15, 2019 IBRD-88310 Int Charges 296,939.66
Nov 15, 2019 IBRD-88310 Int Charges 516,190.10
May 15, 2024 IBRD-88310 Int Charges 4,236,326.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 10-19-2020
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 07-19-2021PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

No data available.