Dec. 16 (Bloomberg) -- The World Bank will make available $340 million for Serbia in the next two years and add $200 million in budget support in case the country is hit by euro- area turbulence.
The funds are part of the lender’s four-year Country Partnership Strategy, representing its commitment to support Serbian efforts to strengthen competitiveness and improve the efficiency of social spending, it said in an e-mail today.
The bank’s private sector lending arm, the International Finance Corporation, or IFC, will make available a further $600 million to $800 million for the Balkan country’s private sector through 2015, the World Bank said.
--Editor: Zoe Schneeweiss
To contact the reporter on this story: Gordana Filipovic in Belgrade at firstname.lastname@example.org
To contact the editor responsible for this story: James M. Gomez at email@example.com