First Programmatic State Owned Enterprises Reform DPL

closed

Closed

The program development objectives (PDOs) of the First Programmatic State Owned Enterprises (SOEs) Reform Development Policy Loan (DPL) Program Project for Serbia are to reduce state participation and level of direct and indirect support to the real sector, enhance SOE performance, governance and accountability, and mitigate the short term social and labor impacts of the SOEs restructuring and disposition plans. It is the first in a series of two programmatic DPLs designed to support Republic of Serbia reform program of the SOE sector. This series of development policy operations supports the government's economic program and focuses on the structural reforms related to the SOEs sector. This operation supports a number of specific measures in the following three pillars: (i) completion of restructuring and divestiture program to reduce the direct and indirect state support to companies in the privatization agency portfolio and SOEs operating in the commercial sector; (ii) strengthening governance regulatory framework, institutional arrangements, and monitoring and transparency arrangements for improved performance and accountability of state owned enterprises; and (iii) mitigating the social and labor market impact of the reform program.

FY17 - Industry, Trade and Services,FY17 - Social Protection

World Bank Group

Project

Commercial, Government