PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602258

Primary Business Area

Other

Disclosure Date

Jan 7, 2019

Country

Serbia

Region

Europe

IFC Approval Date

Sep 29, 2017

Status

Completed

Estimated Total Budget

$3,699,998.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 13, 2024

Project Estimated Start Date

Jan 1, 2018

Project Estimated End Date

Dec 31, 2020

Project Description

Proposed project will have three components: Component 1: Reduce costs and time for businesses by simplifying administrative procedures at the central government level Component 2: Implement online issuance of at least 100 the most burdensome procedures. Component 3: Improving competition and market regulation Over the next three years , the Project aims to contribute to improving business environment in Serbia by 1) decreasing existing administrative burden business face by regulatory simplification of 1,250 licenses and permits and enabling online issuance of 100 procedures, resulting in $8 million direct compliance costs savings for businesses, and 2) opening markets by removing at least two anti-competitive practices in key sectors.

Development Results

E&S Risks / Impacts and Mitigation