Serbia Second Public Expenditure and Public Utilities DPL

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The Public Expenditure and Public Utilities Development Policy Loan (PEPU DPL) series supports the Serbia government’s multi-year fiscal consolidation agenda under the following three development objectives: Pillar A: Improve public expenditure management through strengthened public financial management and public administration reform; Pillar B: Improve the financial sustainability and efficiency of energy sector public enterprises; and Pillar C: Improve the financial sustainability and efficiency of transport sector public enterprises and state-owned companies. This DPL series contributes to the World Bank Country Partnership Framework (CPF) FY16-20 Focus Area 1: Economic Governance and the Role of the State and its related objectives. More specifically the CPF sets two focus areas for support: 1. Economic Governance and the Role of the State; and 2. Private Sector Growth and Economic Inclusion. The design of the DPL series reflects lessons learned from previous DPL operations in Serbia and energy, transport sector and public sector reform programs. Strong complementarity is built into this DPL series with the State-owned Enterprise (SOE) Reform DPLs, the PforR on Modernization and Optimization of Public Administration, and the Competitiveness and Jobs project. The series complements the Program-for-Results (PforR) operation on Modernization and Optimization of Public Administration which supports implementation of the key legislative and policy reforms under the Pillar A of the PEPU DPL.