March 17 (SeeNews) - The World Bank said it has approved a 27.7 million euro ($30 million) loan to support Serbia in its effort to deepen and further develop its capital markets.
“Diversified financing sources and instruments along with a deeper financial sector are critical for Serbia’s long-term, sustainable economic growth,” Nicola Pontara, World Bank Country Manager for Serbia, said, as quoted in a press release on Thursday.
“This loan will assist the government of Serbia to implement its Capital Market Development Strategy by strengthening relevant capital market institutions and encouraging corporates to issue bonds, including green and thematic bonds,” added Pontara.
The Belgrade bourse has a market capitalisation of 438.1 million dinars ($4 million/3.7 million euro), according to latest data.
1 euro = 117.331 dinars