World Bank supports Serbia in its recovery from devastating floods

The World Bank’s Board of Executive Directors today approved a EURO 227.5 million loan (US $300 million equivalent) for the Floods Emergency Recovery Project for Serbia. The loan will support Serbia in meeting critical needs in the power and agriculture sectors, repairing damaged flood control infrastructure, and helping the country better respond to natural disasters. The project was prepared following flooding in mid-May, which was the worst to hit the country in documented history.

Pubblication date: 03/10/2014
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