Public Sector Efficiency and Green Recovery DPL

Abstract*

The development objective of the Public Sector Efficiency and Green Recovery Development Policy Loan in Serbia provides opportunities to contribute to sustainable growth and job creation by strengthening policies and institutions. Pillar 1, public sector efficiency and transparency contributes to improving the country’s fiscal performance and social inclusion, and to accelerating private-sector-led growth post COVID-19. Pillar 2, efforts to initiate... Show More

Development Objective

The objective of the proposed Public Sector Efficiency and Green Recovery Development Policy Loan is to support the Government of Serbia’s efforts to: 1) increase public sector efficiency and transparency, and 2) initiate a green recovery.

Key Details

Project Details

Project ID
P164575
Status
Closed
Team Leader
Sameer Akbar , Lazar Sestovic, Vincent Tsoungui Belinga
Borrower 2
Republic of Serbia

Country
Serbia
Disclosure Date
August 14, 2019
Approval Date
(as of board presentation)
April 29, 2021
Effective Date
September 22, 2021

Total Project Cost 1
US$ 200.00 million
Implementing Agency
Ministry of Labor, Employment, Veterans and Social Affairs,Ministry of Finance,Ministry of Environmental Protection,Ministry of Mining and Energy,Public Procurement Office,Commission for State Aid Control
Region
Europe and Central Asia
Fiscal Year 3
2021

Commitment Amount
US$ 100.00 million
Environmental Category
N/A
Last Update Date
December 21, 2023
Closing Date
December 31, 2022

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Economic Growth and Planning13%
- FY17 - Green Growth13%

FY17 - Environment and Natural Resource Management

FY17 - Climate change16%
- FY17 - Adaptation8%
- FY17 - Mitigation8%
FY17 - Environmental Health and Pollution Management25%
- FY17 - Air quality management25%
FY17 - Environmental policies and institutions13%

FY17 - Finance

FY17 - Financial Stability13%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring13%

FY17 - Public Sector Management

FY17 - Public Administration38%
- FY17 - Administrative and Civil Service Reform13%
- FY17 - Municipal Institution Building13%
- FY17 - State-owned Enterprise Reform and Privatization13%
- FY17 - Transparency, Accountability and Good Governance13%
FY17 - Public Finance Management13%
- FY17 - Public Expenditure Management13%

FY17 - Social Development and Protection

FY17 - Social Protection13%
- FY17 - Social protection delivery systems13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	100.00

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**	200.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 29, 2021	IBRD-92350	Loan Commitment	100,000,000.00
Jun 15, 2024	IBRD-92350	Int Charges	2,012,376.50
Jun 15, 2023	IBRD-92350	Int Charges	1,385,414.60
Dec 15, 2023	IBRD-92350	Int Charges	1,994,268.20
Dec 15, 2022	IBRD-92350	Int Charges	298,890.38
Dec 15, 2021	IBRD-92350	Int Charges	98,065.12
Sep 22, 2021	IBRD-92350	Fee Charges	242,307.10
Dec 10, 2021	IBRD-92350	Loan Disb	92,840,992.00
Jun 15, 2022	IBRD-92350	Int Charges	1,638.32
Jun 15, 2022	IBRD-92350	Int Charges	33,380.68
Jun 15, 2022	IBRD-92350	Int Charges	1,319.53
Sep 22, 2021	IBRD-92350	Loan Disb	242,307.10
Dec 15, 2021	IBRD-92350	Int Charges	59.73

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2023
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-09-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

No data available.

Public Sector Efficiency and Green Recovery DPL

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework