Serbia Competetiveness and Jobs Project

The World Bank and the Republic of Serbia have signed a loan agreement in the amount of EUR 89.5 million for the financing of the Serbia Competitiveness and Jobs Project that will be implemented from the end of March 2016 until June 30, 2021.

The aim of the Project is to improve the efficiency and coordination of selected public programs to alleviate constraints to competitiveness and job creation, including investment and export promotion, innovation, active labor market policies, and labor intermediation. It focuses on the activities identified as key drivers of competitiveness and job creation, among which innovative activities have a prominent place.

The Project activities are directed mainly towards the areas where the Government has been spending substantial resources and where there is potential for their better utilization. Project activities are implemented by the main Project beneficiaries – the Ministry of Economy, Ministry of Labor, Employment, Veteran and Social Affairs with the National Employment Service, Ministry of Education, Science and Technological Development, in coordination with the Innovation Fund and the Public Policy Secretariat.

For more information about the project please visit http://www.worldbank.org/projects/P152104?lang=en