[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108580-en":3,"doc-seo-108580-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},108580,8796095461610,"Oliver","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Serbia Policy Notes - February 2023","Serbia Policy Notes compiles World Bank Group analysis and guidance for priority reforms across Serbia’s macroeconomy and public financial management, financial sector, energy and mining, environment and green transition, poverty and inclusion, health systems, education, social protection and employment, private sector and innovation, urban development and DRM, transport, and agriculture. The document highlights achievements in macroeconomic stability and COVID-19 response, then outlines short- and medium-term challenges including fiscal pressures from the energy crisis and inflation, and the need for structural reforms to raise potential growth through investment, skills, competition, and governance.","l D scuosure Ascutosureor ze u or zei DP bli i l A th i d h i d P bl Di l Au c sc osurei lbl uDthisoc iozsude re AuthorizedPublic Disclosure Authorized Puu cP blb il D ssc ososureureAutu oorr zezeD l A th i di  h i d   \nSerbia Policy Notes  \n© 2022 International Bank for Reconstruction and Development/ The World Bank Office, Serbia Bulevar Kralja Aleksandra 8  \n11000 Beograd  \nTelephone: +381 11 30 23 700; Internet: [https://www.worldbank.org/en/country/serbia](https://www.worldbank.org/en/country/serbia)  \n[This report is a product of the staff of the World Bank Group with external contributions. The findings](This report is a product of the staff of the World Bank Group with external contributions. The findings), interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank Group, its Board of Executive Directors, or the governments they represent.  \nThe World Bank Group does not guarantee the accuracy of the data included in this work, which is drawn from multiple external sources. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of the World Bank Group concerning the legal status of any territory or the endorsement or acceptance of such boundaries.  \nNothing herein shall constitute, or considered to be, a limitation upon or waiver of the privileges and immunities of The World Bank Group, all of which are specifically reserved.  \nRights and Permissions  \nThe material in this work is subject to copyright. Because The World Bank encourages dissemination of this knowledge, this work may be reproduced, in whole or in part for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org).  \nSerbia Policy Notes  \nInternational Bank for  \nReconstruction and Development  \nInternational Finance Corporation  \nFebruary 2023  \nThe World Bank Group  \nTable of contents  \nExecutive Summary 1  1. Macroeconomics and Public Financial Management 6  2. Financial Sector 9  3. Energy and Mining 12  4. The Environment and Green Transition 15  5. Poverty and Inclusion 18  6. Health Systems 21  7. Education 25  8. Social Protection and Employment 29  9. Private Sector and Innovation 32  10. Urban Development and DRM 35  11. Transport 38  12. Agriculture 41   \nAcknowledgments: These policy notes were prepared by a World Bank Team led by Nicola Pontara (Country Manager), Jasna Vukoje (Portfolio Analyst), Richard Record (Lead Country Economist), Ramon Munoz-Ruskin (Program Leader) and Indhira Vanessa Santos (Program Leader), with overall guidance from Xiaoqing Yu, Country Director for the Western Balkans. The Core Team was composed of: Sameer Akbar, Maja Andjelkovic, Zoran Anusic, Axel E. N. Baeumler, Gunhild Berg, Aleksandar Crnomarkovic, Predrag Djukic, Kornel Drazilov, Svetlana Edmeades, Verena Fritz, Augusto Garcia, Katharina Gassner, Gregoire F. Gauthier, James Gresham, Gonzalo Javier Reyes Hartley, Joern Huenteler, Marijana Jasarevic, Erik Caldwell Johnson, Olivera Jordanovic, Darko Milutin, Maja Murisic, Bojana Naceva, Ha Thi Hong Nguyen, Trang Van Nguyen, Tamara Nikolic, Ivana Novakovic, Claudio Protano, Zurab Sajaia, Lazar Sestovic, Michael Stanley, Dusko Vasiljevic, Svetlana Vukanovic, and Jane C. Hwang.  \nExecutive Summary  \n1. Key Messages  \nSerbia has achieved macroeconomic stability and dealt effectively with the COVID-19 pandemic…  \nSerbia strengthened its macroeconomic framework in the years leading to the pandemic. In 2014, the country embarked on a comprehensive fiscal consolidation effort that turned deficits into surpluses as of 2017 and reduced public debt significantly. The fiscal buffers that were built allowed policymakers to deploy a ","cbCaisdc3A95oCJz","https://ap.wps.com/l/cbCaisdc3A95oCJz","pdf",1036254,5,1,47,"English","en",105,"# Executive Summary\n## Key Messages","[{\"question\":\"What macroeconomic progress does the policy notes describe for Serbia?\",\"answer\":\"The notes report that Serbia strengthened its macroeconomic framework, turned deficits into surpluses by 2017, and reduced public debt, supported by fiscal buffers for a timely 2020 stimulus.\"},{\"question\":\"What are the key short-term challenges highlighted?\",\"answer\":\"Short-term priorities include preserving macroeconomic stability while managing rising pressures from higher budget expenditures, the energy crisis, and persistently high inflation, alongside keeping public debt on a declining path.\"},{\"question\":\"What structural reforms does the document call for to accelerate growth?\",\"answer\":\"It emphasizes structural reforms to boost potential growth by increasing private investment, upskilling workers to raise productivity, strengthening competition, improving governance, and supporting a green transition and environmental resilience.\"}]","Serbia Policy Notes - 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