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Serbia Competitiveness and Jobs

Abstract*

The objective of the Competitiveness and Jobs Project for Serbia is to improve the effectiveness and coordination of selected public programs to alleviate constraints to competitiveness and job creation, including investment and export promotion, innovation, active labor market programs, labor intermediation, and activation of social assistance beneficiaries. There are three components to the project, the first component being policy planning, monitoring...

* 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

The PDO is to improve the effectiveness and coordination of selected public programs to alleviate constraints to competitiveness and job creation, including investment and export promotion, innovation, active labor market programs and labor intermediation.

Key Details

Project Details

  • P152104

  • Closed

  • Dusko Vasiljevic

  • Republic of Serbia

  • Serbia

  • February 2, 2015

  • (as of board presentation)

    September 16, 2015

  • March 31, 2016

  • US$ 393.83 million

  • Ministry of Labor, Employment, Veteran and Social Affairs,Ministry of Economy,Public Policy Secretariat,Ministry of Education Science and Technological Development

  • Europe And Central Asia

  • 2016

  • US$ 100.00 million

  • B

  • March 28, 2022

  • June 30, 2021

  • TBD

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 100.00
Borrower/Recipient 293.83

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 100.00
IDA Commitment N/A
IBRD + IDA Commitment 100.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 393.83

Summary Status of World Bank Financing (US$ Millions) as of January 31, 2025

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

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Sep 1, 2021 IBRD-85280 Int Charges 25,058.37
Sep 1, 2021 IBRD-85280 Int Charges 169,939.23
Nov 30, 2021 IBRD-85280 Loan Disb -13,041.52
Mar 1, 2022 IBRD-85280 Int Charges 2,066.89
Mar 1, 2022 IBRD-85280 Int Charges 3,142.41
Mar 1, 2022 IBRD-85280 Int Charges 190,896.80
Mar 1, 2022 IBRD-85280 Int Charges 3,321.79
Nov 30, 2021 IBRD-85280 Loan Cancel 5,188,944.50
Sep 1, 2022 IBRD-85280 Int Charges 166,754.38
Sep 1, 2022 IBRD-85280 Int Charges 2,855.57
Jan 23, 2020 IBRD-85280 Loan Disb 10,919,090.00
May 27, 2020 IBRD-85280 Loan Disb 10,690,897.00
May 27, 2020 IBRD-85280 Loan Disb 6,902,150.50
Jun 29, 2020 IBRD-85280 Loan Disb 392,806.66
Oct 6, 2020 IBRD-85280 Loan Disb 309,498.78
Sep 1, 2020 IBRD-85280 Int Charges 3,063.29
Sep 1, 2020 IBRD-85280 Int Charges 2,791.66
Sep 1, 2020 IBRD-85280 Int Charges 42,157.50
Sep 1, 2020 IBRD-85280 Int Charges 188,460.48
Mar 1, 2021 IBRD-85280 Int Charges 29,586.87
Mar 1, 2021 IBRD-85280 Int Charges 194,004.72
Dec 28, 2020 IBRD-85280 Loan Disb 338,030.50
Jun 18, 2021 IBRD-85280 Loan Disb 363,022.97
Aug 2, 2021 IBRD-85280 Loan Disb 17,027,912.00
Sep 25, 2018 IBRD-85280 Loan Disb 366,644.90
Mar 1, 2019 IBRD-85280 Int Charges 85,758.03
Mar 1, 2019 IBRD-85280 Int Charges 100,325.34
May 28, 2019 IBRD-85280 Loan Disb 233,380.02
Aug 29, 2019 IBRD-85280 Loan Disb 287,723.88
Nov 25, 2019 IBRD-85280 Loan Disb 411,696.84
Sep 1, 2019 IBRD-85280 Int Charges 65,932.63
Sep 1, 2019 IBRD-85280 Int Charges 159,223.53
Mar 1, 2020 IBRD-85280 Int Charges 61,314.17
Mar 1, 2020 IBRD-85280 Int Charges 111,474.46
Mar 1, 2020 IBRD-85280 Int Charges 5.87
Mar 1, 2020 IBRD-85280 Int Charges 10.07
Mar 25, 2020 IBRD-85280 Loan Disb 358,540.34
Feb 1, 2018 IBRD-85280 Loan Disb 465,114.47
Mar 1, 2018 IBRD-85280 Int Charges 3,951.14
Mar 1, 2018 IBRD-85280 Int Charges 106,506.03
Mar 1, 2018 IBRD-85280 Int Charges 67,274.26
Mar 1, 2018 IBRD-85280 Int Charges 2,756.61
Sep 1, 2018 IBRD-85280 Int Charges 83.67
Sep 1, 2018 IBRD-85280 Int Charges 103,185.96
Sep 1, 2018 IBRD-85280 Int Charges 113.13
Sep 1, 2018 IBRD-85280 Int Charges 67,955.22
Dec 17, 2018 IBRD-85280 Loan Disb 25,397,862.00
Mar 31, 2016 IBRD-85280 Loan Disb 254,582.75
Mar 31, 2016 IBRD-85280 Fee Charges 254,582.75
Jan 31, 2017 IBRD-85280 Loan Disb 302,108.66
Sep 1, 2016 IBRD-85280 Int Charges 179,993.88
Sep 1, 2016 IBRD-85280 Int Charges 10,730.77
Dec 1, 2016 IBRD-85280 Loan Disb 5,941,947.00
Jun 7, 2016 IBRD-85280 Loan Disb 6,100,320.00
Jun 3, 2016 IBRD-85280 Loan Disb 556,975.00
Mar 1, 2017 IBRD-85280 Int Charges 29,147.81
Jul 14, 2017 IBRD-85280 Loan Disb 7,694,514.50
Mar 1, 2017 IBRD-85280 Int Charges 105,049.00
Sep 1, 2017 IBRD-85280 Int Charges 66.49
Sep 1, 2017 IBRD-85280 Int Charges 100.71
Sep 1, 2017 IBRD-85280 Int Charges 113,721.82
Sep 1, 2017 IBRD-85280 Int Charges 43,731.08
Sep 8, 2017 IBRD-85280 Loan Disb 281,276.40
Sep 16, 2015 IBRD-85280 Loan Commitment 100,000,000.00
Mar 1, 2023 IBRD-85280 Int Charges 938,544.10
Sep 1, 2023 IBRD-85280 Int Charges 1,934,967.80
Mar 1, 2024 IBRD-85280 Int Charges 2,220,398.20
Jul 1, 2021 IBRD-85280 Loan Disb 83,245.58
Mar 25, 2021 IBRD-85280 Loan Disb 430,752.30

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Moderately Satisfactory 2021-06-14
Financial Management Satisfactory 2021-06-14
Progress towards achievement of PDO Moderately Satisfactory 2021-06-14
Procurement Satisfactory 2021-06-14
Monitoring and Evaluation Moderately Satisfactory 2021-06-14
Overall Implementation Progress (IP) Moderately Satisfactory 2021-06-14
Counterpart Funding Satisfactory 2021-06-14

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 03-30-2022
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityModestN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • New investor leads generated by the reformed investment promotion agency (annual)Value20.0095.0033.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • New collaborations facilitated between research organizations and the private sectorValue3.0028.0025.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • NES registered unemployment cases transitioning into formal job (annual)Value232280.00218854.00280000.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Participants in export promotion programs that engage in new export activities (annual)Value85.0071.00200.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Standard Deviation of mean case load per branch office over all branch offices [DLI 7]Value381.00252.00260.00
    DateJanuary 1, 2015December 31, 2020May 10, 2018
    Comment
  • Innovative products or services developed by MG beneficiary firmsValue16.0071.0025.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Innovative products or services launched by MG beneficiary firmsValue3.0042.0010.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Gross placement rate of NES start-up support program for self-employment 6 months from completionValue95.0097.7798.00
    DateDecember 31, 2013December 31, 2020May 10, 2018
    Comment
  • Technology transfer: IF TTF service lines deployed [see DLI 4]Value0.00118
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Gross placement rate of NES hiring subsidy program for new employment 6 months from completionValue84.0093.7185.00
    DateDecember 31, 2013December 31, 2020May 10, 2018
    Comment
  • Technology transfer: transactions initiated [see DLI 4]Value0.0043.0015.00
    DateDecember 31, 2014November 30, 2020May 10, 2018
    Comment
  • Number of new or re-designed ALMPs in the NES [DLI 8]Value0.001.001.00
    DateJanuary 31, 2014December 31, 2020May 10, 2018
    Comment
  • R&I strategy, action plan, RI Roadmap and public research sector reforms including establishment of Science Fund designed and adoptedValueDLI TableAchievedDLI Table
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Science Fund programs initiatedValue0.005.001.00
    DateDecember 29, 2017December 31, 2020May 10, 2018
    Comment
  • Citizen engagement: Number of employers reached by client satisfaction and needs surveyValue0.00500.003000.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Science Fund programs competitive grants awardedValue0.0085.0020.00
    DateDecember 29, 2017December 31, 2020May 10, 2018
    Comment
  • Citizen Engagement: Innovation matching grant beneficiary annual survey (number of surveys)Value0.003.003.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Private financing catalyzed through IF support programs (Ammount USD)Value0.3mUSD 21.97 mn3.6m
    DateDecember 31, 2014November 30, 2020May 10, 2018
    Comment
  • NES registered female unemployment cases transitioning into formal jobValue122491.00118226.00145000.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • MoE investment and export promotion programs restructured [DLI 2]ValueDLI TableDLI achievedDLI Table
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Annual performance reviews of pilot policy planning, monitoring, and coordination system (to support competitveness and jobs reforms) (see DL1)Value0.003.003.00
    DateJanuary 1, 2015December 31, 2018May 10, 2018
    Comment
  • Enterprises and startups financed through Innovation Fund programs (including MMG)Value11.00126.0075.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Number of field visits to employers per year by the NES (Number)Value15,927 (field visits)18,87118,000
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Number of documented interests by investors (annual)Value61.0095.0090.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Enterprises and startups financed with female ownerValue1.0026.0010.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • % of total NES staff that is operating as certified case worker [DLI 6]Value0.0089.3385.00
    DateDecember 31, 2014December 31, 2020May 10, 2018
    Comment
  • Number of firms participating in the new Supplier Development ProgramValue0.0032.0020.00
    DateDecember 29, 2017December 31, 2020May 10, 2018
    Comment