Floods Emergency Recovery Project

closed

The Floods Emergency Recovery Project of Serbia has an objective to: (i) help restore power system capability to reliably meet domestic demand; (ii) protect livelihoods of farmers in flood affected areas; (iii) protect people and assets from floods; and (iv) improve the Borrowers capacity to respond effectively to disasters. The project consists of four components: (1) Energy Sector Support; (2) Agricultural Sector Support; (3) Flood Protection; and (4) Contingent Emergency Response. The objective of component one is to help restore power system capability to reliably meet domestic demand through power purchases, improved reliability of the distribution system and energy conservation measures, and help the restoration of strategic energy assets. Component 2 will support the ongoing Farm Incentives Program in order to protect the livelihood of farmers affected by the floods and offset their income losses. The objective of component three is to support urgent rehabilitation of flood protection and drainage control infrastructure, and strengthen the technical capacity of government agencies for improved flood prevention and management. Component four is to improve Serbia’s capacity to better respond to disasters. Following an adverse natural or man-made event that causes a major disaster; the Government of Serbia may request the Bank to re-allocate project funds to this component to partially cover emergency response and recovery costs. This component could also be used to channel additional funds should they become available as a result of the emergency.