World bank and Serbia signed today $75 million equivalent results based loan to support improving efficiency in public sector employment and finances.

    The approval of the Program for Results on Modernization and Optimization of Public Administration demonstrates the Bank's strong commitment to support ongoing reforms in Serbia’s public sector, world bank press release said.

    The Government of Serbia embarked on an ambitious administrative reform effort with the launch in 2014 of the Public Administration Reform Strategy and the Action Plan for its implementation.

    The Government has also begun to address longer term structural problems in the administration of the public sector, focusing on improved management of public sector employment and institutional restructuring. Apart from reducing the fiscal cost of the public sector, the PAR strategy will also create the conditions for improved service delivery in the social sectors.

    The Program for Results on Modernization and Optimization of Public Administration will provide support to improvements in the areas of human resource management; financial management; and procurement management.

Source : QNA