IFC and Serbian government sign cooperation agreement

Serbian PM, Ana Brnabic and International Finance Cooperation (IFC) Vice-President, Georgina Baker on Tuesday signed an agreement on cooperation between the Serbian government and the IFC in supporting the implementation of a project aimed at improving the business environment in Serbia.

The signing of the agreement was attended by IFC Regional Manager for the Western Balkans, Thomas Lubeck and British Ambassador to Serbia, Denis Keefe.

The Business Environment Improvement Project is supported by the United Kingdom and will last until 1st January, 2021.

The goal of this agreement is to reduce administrative obstacles that business people face through analyzing 1,750 administrative procedures related to business and giving recommendations for their simplification, optimization or termination.

One of the goals is also to facilitate the implementation of 100 e-procedures.

The project is expected to save at least $8 million to businesses in Serbia, and boost competition by eliminating at least two anti-competitive practices in selected areas.

Brnabić pointed out that electronic administration was the key to solving the three biggest problems that plague the state administration – lack of efficiency, inadequate transparency and corruption.

She underlined that digitalization would lead to a significant reduction in administrative burdens, which, in turn, would boost the development of the private sector and entrepreneurship.

The IFC representatives commended the efforts of the Serbian government on creating a better business environment that would facilitate more investments, improve competitiveness, and increase employment and living standard in the country.

(Blic, 20.02.2018)


This post is also available in: Italiano

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