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Serbia: World Bank Attaches Loan to New Laws

People ♦ Published: December 10, 2013; 16:42 ♦ (Vindobona)

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The World Bank has attached the loan in the amount of US-$ 250m (€ 183m) for Serbia to the implementation of three important laws within this year still.

Serbia: World Bank Attaches Loan to New Laws / Picture: © World Bank

The negotiations between the World Bank and the Serbian Government for the loan in the amount of US-$ 250m are expected to start on January 15 next year.

Tony Verheijen, representative of the World Bank in Belgrade, explained to public TV station RTS that it was the new privatization, bankruptcy and building permit laws that had to be implemented. Moreover, he referred to the…