World Bank

WASHINGTON - The World Bank (WB) Board of Directors granted Serbia on Wednesday a loan worth EUR 88.3 million (around USD 100 million) as support to structural reforms, WB released on Wednesday.

Turkey?s top business group hopes to ?energize? Turkey?s accession process with the European Union, its head has told daily Hürriyet.

The recent tug of war between President Recep Tayyip Erdo?an and Central Bank Governor Erdem Ba?ç? over Turkey's monetary policy has inflamed debate on the independence of the Bank.

World Bank approves EUR 36.2 million loan

BELGRADE -- The World Bank has approved a EUR 36.2 million (USD 44mn) loan to Serbia for a project focused on improving realty management, the World Bank said on Tuesday.

WASHINGTON - The Wrold Bank has approved a EUR 36.2 million (USD 44 million) loan to Serbia for a project focused on improving realty management, the World Bank said on Tuesday.

The loan, which the executive management board decided on on Monday, will help Serbia create an accurate, complete and electronically available database about ralty ownership.

The World Bank's Managing Board approved, on Monday, a loan of 200 million euros for the project ROSE (Romania Secondary Education Project) aimed at increasing the chances for undergraduate students to finish higher education, which will be implemented by the Education Ministry for a period of seven years, a World Bank release informs.

Photo (c) Cristian NISTOR /AGERPRES ARCHIVE

The ministry announced on Sunday that it has received prior approval from the World Bank for a partial guarantee of up to 200 million euro, which will allow it to request a loan from international lenders of up to 250 million euro. Banks have been invited to make their offers by April 1.

Greece believes that the February 20 Eurogroup agreement means that there is no specific primary surplus target for this year, a leading Greek negotiator has told Kathimerini.

The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution.

BELGRADE - The World Bank (WB) will approve a USD 100 million loan to Serbia on March 24 as budgetary support for solving the issue of companies under restructuring, Tony Verheijen, the WB country manager for Serbia, announced on Thursday.

Another USD 100 million instalment of that loan will also be approved by the end of the year for the same purpose, he said.