Belgrade, Serbia, February 21, 2018—IFC,
a member of the World Bank Group, and the Serbian government, in partnership
with UK Aid and the British Embassy in Serbia, are launching a project
to digitize services to reduce the administrative burden on businesses
and improve the country’s business climate.
Over the next three years, the project will help simplify regulations for
1,250 different types of licenses and permits, and create a one-stop shop
online to process and issue e-permits for 100 procedures. The process is
expected to save around $8 million annually for businesses in Serbia.
“Electronic administration is key to solving the three main problems affecting
our public administration: efficiency, transparency, and corruption,”
said Ana Brnabic, Prime Minister of Serbia. “The digitization of the country
is essential to help us reach these goals and reduce the bureaucratic burdens
still slowing business in Serbia.”
New job opportunities created by the private sector are even more crucial
in Serbia today as the government has embarked on a series of reforms of
state-owned enterprises. The project builds on the current government’s
efforts to improve the local business environment and spur the development
of the private sector.
“Serbia has been steadily improving its business environment over the
past decade,” said Georgina Baker, IFC VP for Europe and Central Asia,
Latin America and the Caribbean. “To drive growth and help create
new jobs, this commitment needs to continue, both in terms of improving
legislation and increasing the operational efficiency of government agencies,
where digitization will greatly help.”
“By the end of this program, we expect to be able to see a greatly reduced
administrative burden for businesses in Serbia, which will help boost the
development of the private sector and entrepreneurship, and contribute
to the regional prosperity and stability,” said Denis Keefe, the British
Ambassador in Serbia.
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY17, we delivered a record $19.3
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org