World Bank Group2015-11-232015-11-232015-05-22https://hdl.handle.net/10986/23130This program document presents the World Bank Group (WBG) program and results framework for the Serbia country partnership framework (CPF) for FY2016-20. For the first time since 2001, when the transition to a market economy began accelerating, Serbia has a government with a solid majority in parliament, enabling it to initiate and implement the deep reforms necessary to create a competitive economy and raise the income of the bottom forty percent (B40). Notwithstanding the new momentum on economic and structural reforms, Serbia faces serious challenges, most notably in declining living standards. Poverty has increased rapidly since the start of the global economic crisis in 2008, mainly as a result of a triple dip recession. The CPF goal is to support Serbia in creating a competitive and inclusive economy and, through this, to achieve integration into the European Union (EU).en-USCC BY 3.0 IGOTARIFFSEMPLOYMENTREGULATORY FRAMEWORKECONOMIC GROWTHECONOMIC INSTRUMENTSACCOUNTINGCARBON DIOXIDEWASTE MANAGEMENTLOAN FINANCINGETHNIC MINORITIESFINANCIAL MANAGEMENTREDUCING EMISSIONSFISCAL DEFICITSAUTONOMYCARBONINTERESTLAWSAGRICULTURAL PRODUCTIONGUARANTEESPRIVATIZATIONINDUSTRYPRODUCERSRESOURCE MANAGEMENTPROPERTY RIGHTSBALANCE OF PAYMENTSBANKING SYSTEMSTRATEGIESLABOR FORCEWATER SUPPLYSERVICESEMISSIONSPUBLIC SERVICESPOLITICAL ECONOMYREVENUESENVIRONMENTAL ISSUESFISCAL POLICYECONOMIC PROBLEMSINCENTIVESPROJECTSSUSTAINABLE DEVELOPMENTINFLATIONMUNICIPALITIESAUDITSSAFETY NETSRESOURCE USEBUDGETECONOMIC ACTIVITYMACROECONOMIC STABILITYMARKET ENTRYFISCAL POLICIESSAVINGSTECHNICAL ASSISTANCEGOVERNMENT REGULATIONSCONTRACT ENFORCEMENTTRANSPORTPRIVATE BANKSPRODUCTIVITYOPTIONSLABOR PRODUCTIVITYTRANSFERSCRITERIAFINANCIAL INSTITUTIONSMARKETSDEBTSTATE OWNED BANKSLEGISLATIONDEFICITSPUBLIC FINANCEDEPOSIT INSURANCEEXCESS LIQUIDITYBENEFIT ANALYSISLOANSLABORENTERPRISESNATURAL RESOURCESTRUST FUNDSECONOMIC REFORMSUBSIDIESLEGAL FRAMEWORKFINANCEEFFICIENCYGRANTSADMINISTRATIVE COSTSMARKET ECONOMIESINFRASTRUCTURETAXESBANKING SECTORLAND USEEFFECTIVE USEBANKSENTITLEMENTSRESOURCESUNEMPLOYMENTPOTENTIAL INVESTORSENERGY CONSUMPTIONEQUITYCONSUMPTIONSOCIAL SAFETY NETSSYSTEMIC RISKACCOUNTABILITYWAGESCLIMATE CHANGESOCIAL SERVICESCHEMICAL INDUSTRYFINANCIAL STABILITYPUBLIC POLICIESVALUEPENSIONSBANKCREDITBUDGETSDIVISION OF LABORCPIPUBLIC ENTERPRISESEQUITY INVESTMENTSMINESSUSTAINABLE GROWTHPEER REVIEWPUBLIC EXPENDITURESFINANCIAL PERFORMANCEEXPENDITURESPUBLIC TRANSPORTPROPERTYMANDATESDECISION MAKINGTAX RATESFISCAL YEARGOVERNMENT REFORMENVIRONMENTEIBECONOMIC SITUATIONPUBLIC DEBTRISK FACTORSPROFITABILITYENERGY EFFICIENCYGOVERNANCEINSURANCEDATA SHORTAGESTAXATIONECONOMIC DEVELOPMENTTRADELANDINCENTIVE SYSTEMSEMISSIONS TARGETSRISKNET LOSSESCOMMERCIAL BANKSNOW ACCOUNTSCOMPARATIVE ADVANTAGEINDIRECT COSTFARMSFINANCIAL MARKETSBANKINGAGRICULTURAL SUBSIDIESTAX ADMINISTRATIONREVENUERISK MANAGEMENTLIVING CONDITIONSLENDINGCAPITAL EXPENDITURESFINANCIAL RISKTRANSITION ECONOMIESBANKING SUPERVISIONENTREPRENEURSHIPENVIRONMENTALCOST SAVINGSLABOR MARKETSGOVERNMENTSSTRUCTURAL UNEMPLOYMENTPRICESNONPERFORMING LOANSECONOMIESAUDITINGCONSOLIDATIONReportWorld Bank10.1596/23130