International Projects
Agency Projects

Project Name: Deposit Insurance Strengthening Project (Loan Agreement No. 8340 YF)

  • Funded by: International Bank for Reconstruction and Development
  • Implementation Period: 26/11/2014 – 30/12/2016
  • Amount: EUR 145.3 million
  • Objective: To strengthen the financial and institutional capacity of the Deposit Insurance Agency, so as to enable it to meet its deposit insurance and bank resolution obligations and serve as a core part of financial sector safety net.
  • Purpose: The Project includes two components – Component 1 aims to strengthen the financial capacity of the DIA with EUR 144.23 million upon the achievement of the agreed disbursement linked indicators, whereas Component 2 consists of the technical assistance of EUR 706,750 for strengthening the institutional capacity of the Project implementing agencies.

Project Name: Stand-by Credit Line to the Deposit Insurance Agency and the Institutional Capacity Building Programme

  • Funded by: European Bank for Reconstruction and Development
  • Implementation Period: 23/10/2014 – 31/12/2016
  • Stand-by Credit Line: EUR 200 million
    Grant for Technical Assistance: EUR 480,000
  • Objective: To bring DIA’s operations in line with the international best practice, support the reform of the DIA in execution of its core mandate and more broadly, to enhance and sustain confidence in the banking sector in Serbia.
  • Purpose:
    Stand-by credit line will be used if additional funding is required for the Deposit Insurance Fund in case of occurrence of the insured event;

The ICBP will focus on the enhancing the DIA’s corporate governance, its mandate and organisational restructuring, financial sustainability, bank risk-monitoring and resolution, and asset management of bad assets portfolio.

Project Name: Technical Assistance to the DIA for the Restructuring and Privatization of the Serbian Banking and Insurance Sector

  • Funded by: Swiss Confederation through Swiss State Secretariat of Economic Affairs (SECO).
  • Implementation Period: 01/10/2008 – 31/12/2012
  • Amount: EUR 2.74 million
  • Objective: To advance Serbian financial system reform and help preserve and enhance the value of state participation in banks and socially owned capital in insurance companies through institution building, capital increase and pre-privatization restructuring of certain banks and insurance companies. On a later stage, and when the market conditions are favorable, reduction of the current state participation will take place.
  • Purpose: Grant proceeds are being used to fund technical assistance, i.e. services of international and local consulting companies and individual consultants for the following activities implemented by the Agency: preparation and implementation of plans for institutional building, pre-merger activities, pre-privatization restructuring and banks’ capital increase.

Project Name: Preparation for the second Programmatic Private and Financial Development Policy Loan (TF 056574)

  • Funded by: International Development Association - IDA
  • Implementation Period: 11/05/2006 – 18/04/2008
  • Amount: USD 200,000
  • Objective: Preparation for the second Programmatic Private and Financial Development Policy Loan (PPFDPL 2) through activities such as development of feasibility studies, detailed projects, environment assessments, social, economic and other assessments, PPFDPL 2 implementation plans, consulting with stakeholders, trainings in the country, workshops, provision of consulting services (including the Donation review) and procurement of equipment for the implementation of these activities.
  • Purpose: Grant proceeds have been used to fund technical assistance, i.e. services of international and local consulting firms and individual consultants for restructuring of insurance companies.

Project Name: Support to the Bank Restructuring and Privatization Project in Serbia

  • Funded by: The Kingdom of Sweden, Swedish International Development Cooperation Agency (SIDA)
  • Implementation Period: 05/05/2005 – 31/03/2008
  • Amount: EUR 1.46 million
  • Objective:The general objective is to help build a modern banking and financial sector in Serbia, and boost confidence in the banking and financial sector through improved services. The specific goal is to facilitate pre-privatization of state-owned banks.
  • Purpose: Grant proceeds have been used to fund technical assistance, i.e. services of international and local individual consultants for pre-privatization of banks.

Project Name: Preparation for the first Programmatic Development Policy Loan (TF 54607)

  • Funded by: International Development Association - IDA
  • Implementation Period: 13/04/2005 – 15/11/2005
  • Amount: USD 365,000
  • Objective: Preparation for the first Programmatic Development Policy Loan through activities such as development of feasibility studies, detailed projects, environment assessments, social, economic and other assessments, PDPL 1 implementation plans, consulting with stakeholders, trainings in the country, workshops, provision of consulting services (including the Donation review) and procurement of equipment for the implementation of these activities.
  • Purpose: Grant proceeds have been used to fund technical assistance, i.e. services of international and local consulting companies and individual consultants for restructuring of insurance companies.

Project Name: Support to Serbian Banking Sector

  • Funded by: United Kingdom,Department for International Development(DFID)
  • Implementation Period: 20/09/2004 – 31/06/2007
  • Amount: GBP 662,000
  • Objective: To strengthen the financial sector and re-establish the basic functions of Serbian banking system.
  • Purpose: Grant proceeds have been used to fund technical assistance, i.e. services of international and local individual consultants and procurement of IT equipment for their work to support the following Agency’s activities: privatization of banks, deposit insurance, privatization and liquidation of insurance companies.

Project Name: Privatization and Restructuring of Banks and Enterprises Technical Assistance Project
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  • Funded by: International Development Association - IDA
  • Implementation Period: 17/04/2003 – 30/04/2007
  • Amount: USD 2 million
  • Objective: Assistance to the Republic of Serbia to facilitate private sector-led economic growth through restructuring and privatization and, if needed, through bankruptcy procedures. The project also supported the implementation of banking system restructuring strategy aimed at creating a more viable financial sector.
  • Purpose: Loan proceeds were used to fund technical assistance, i.e. services of international and local companies and individual consultants to support the following Agency’s activities: pre-privatization and privatization of banks, privatization and liquidation of insurance companies.

Project Name: Preparation for Private and Financial Sector Structural Adjustment Loan 2 (TF 51355)

  • Funded by: Japan through International Development Association – IDA
  • Implementation Period: 24/09/2002 – 10/06/2003
  • Amount: USD 408,000
  • Objective: Preparation of the Private and Financial Sector Structural Adjustment Loan 2
  • Purpose: Grant proceeds were used to fund technical assistance, i.e. services of international and local consulting companies and individual consultants for pre-privatization of banks.

Project Name: Preparation for Private and Financial Sector Structural Adjustment Loan (TF 26817)

  • Funded by: Japan through International Development Association – IDA
  • Implementation Period: 18/10/2001 – 21/08/2002
  • Amount: USD 234,000
  • Objective: Preparation of the Private and Financial Sector Structural Adjustment Loan
  • Purpose: Grant proceeds were used to fund technical assistance, i.e. services of international and local consulting companies and individual consultants to support the following Agency’s activities: rehabilitation, pre-privatization, liquidation and bankruptcy of banks.

Project Name: Financial Sector Development Technical Assistance Grant (TF 29799)
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  • Funded by: International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA)
  • Implementation Period: 23/08/2001 – 31/12/2004
  • Amount: USD 6 million
  • Objective: To strengthen the financial sector and re-establish the basic functions of Serbian banking sector.
  • Purpose: Grant proceeds were used to fund technical assistance, i.e. services of international and local consulting companies and individual consultants to support the following Agency’s activities: rehabilitation, pre-privatization, privatization, liquidation and bankruptcy of banks.