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World Bank preparing to invest up to 300 mln euro in 4 projects in Serbia in 2019 - official

World Bank preparing to invest up to 300 mln euro in 4 projects in Serbia in 2019 - official Source: minsvyaz.ru

BELGRADE (Serbia), December 3 (SeeNews) - The World Bank plans to invest up to 300 million euro ($340.5 million) in four projects in Serbia next year - in agriculture, trade, tax administration and digitalisation, the lender's country manager for Serbia, Stephen Ndegwa, has said.

The bank has additional projects with a combined value of 300 million euro in the pipeline and has so far spent 800 million euro out of the 1.8 billion euro envisaged in the five-year investment plan for Serbia, Ndegwa said in a video file posted on the YouTube channel of public broadcaster RTS on Sunday.

"We have some investment projects that we are preparing. One is about regional trade, which will help Serbia connect better with the region. We also have a project for tax administration, and a digital management programme, which will come next year. Finally, there is a project on agriculture," Ndegwa said.

The 2019 draft budget adopted by the government represents a step towards further economic growth, as it keeps the fiscal stability, while at the same time increases investment by about $300 million, the World Bank country manager for Serbia noted.

The World Bank's country partnership framework for Serbia for the period 2016-2020 focuses its support in the key areas of economic governance and the role of the state, as well as private sector growth and economic inclusion, according to information published on the bank's website.

($ = 0.880961 euro)

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