Serbia and the World Bank

[2] The period under international economic sanctions (1992-1995), civil war, infrastructure-damaging NATO airstrikes in 1999 resulted in record-breaking hyperinflation[3] and fall of Serbian economy below the levels of 1990.

[4] After the expulsion of Federal Yugoslav President MILOSEVIC in September 2000, the Democratic Opposition of Serbia (DOS) coalition government executed stabilization measurements and initiated market reform program.

The WBG contributed to the privatization of several state and socially-owned companies, assisted in the modernization of frontier passages, reformation of the judiciary system, road reconstruction, addressed improvement environment, health, and employment services.

The current Serbia's World Bank Portfolio includes 13 projects in the areas of transport, real estate management/business environment, competitiveness and jobs, health, flood recovery and flood protection, disaster risk management, financial sector reform, public sector modernization (including the digitalization of selected public services and the modernization of tax administration), and early childhood education.

With the total length of 803 kilometers, Corridor X is the least line from Central Europe to Greece, Turkey, and the Middle East.