| Financier | Commitments |
|---|---|
| FRANCE: Govt. of [MOFA and AFD (C2D)] | 3.15 |
| International Bank for Reconstruction and Development | 75.00 |
| Borrower/Recipient | 282.67 |
Improving public financial management for the green transition
Abstract*
Serbia is an upper middle-income country with a per capita income of US$ 9,215 in 2021. The country’s economy and household incomes expanded following a significant fiscal adjustment in 2014-15, and the fiscal environment improved significantly up until 2019. In 2020, the economy contracted by 1 percent due to COVID-19, followed by a strong rebound in 2021 with growth accelerating to 7.4 percent.
The proposed operation is aligned with and supports... Show More
Development Objective
The Program Development Objective is to improve core PFM functions and institutional capabilities needed for Serbia’s fiscal resilience and green transition.
Key Details
Project Details
P175655
Active
Aleksandar Crnomarkovic , Wei-Jen Leow, Kai-Alexander Kaiser
Republic of Serbia
Serbia
November 3, 2021
(as of board presentation)
March 9, 2023
August 28, 2023
US$ 78.00 million
Ministry of Finance
2023
US$ 78.15 million
N/A
June 10, 2024
March 31, 2027
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 75.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 75.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 3.15 |
| Total Project Cost** | 78.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Apr 15, 2024 | IBRD-94820 | Int Charges | 39,395.02 |
| Aug 28, 2023 | IBRD-94820 | Loan Disb | 187,317.90 |
| Apr 18, 2024 | IBRD-94820 | Loan Disb | 106,760.00 |
| Apr 15, 2024 | IBRD-94820 | Int Charges | 4,270.40 |
| Apr 15, 2024 | IBRD-94820 | Int Charges | 92,193.00 |
| Apr 15, 2024 | IBRD-94820 | Int Charges | 1,001.95 |
| Aug 28, 2023 | IBRD-94820 | Fee Charges | 187,317.90 |
| Mar 9, 2023 | IBRD-94820 | Loan Commitment | 75,000,000.00 |