Document of The World Bank FOR OFFICIAL USE ONLY Report No. 65379-YF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AND INTERNATIONAL FINANCE CORPORATION COUNTRY PARTNERSHIP STRATEGY FOR THE REPUBLIC OF SERBIA FOR THE PERIOD FY12-FY15 November 15, 2011 South East Europe Country Unit Europe and Central Asia Europe and Central Asia International Finance Corporation This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS (Exchange Rate Effective November 8, 2011) Currency Unit = Dinar Dinar 1.00 = US$ 0.014 SDR 1.00 = Dinar 1.59 GOVERNMENT'S FISCAL YEAR January 1 - December 31 ABBREVIATIONS AND ACRONYMS AAA Analytical and Advisory Activities ESW Economic and Sector Work ADR Alternative Dispute Resolution EU European Union APL Adaptable Program Loan FDI Foreign Direct Investment BEEPS Business Environment and Enterprise FRL Fiscal Responsibility Legislation Performance Survey BERIS Business Environment Reform and FY Fiscal Year Institutional Strengthening Project CAP Common Agricultural Policy GDP Gross Domestic Product CEFTA Central European Free Trade Agreement GEF Global Environental Facility CEM Country Economic Memorandum HBS Household Budget Survey CPS Country Partnership Strategy HEI Higher Education Institution CPS PR Country Partnership Strategy Progress HIF Health Insurance Fund Report CRIF Catastrophe Risk Insurance Facility IBRD International Bank for Reconstruction and CRR Comprehensive Regulatory Reform ICTY International Criminal Tribunal for the DFID Department for International Development IFC International Finance Corporation DILS Delivery of Improved Local IFI International Financial Institution DG Directorate General for Economic and IMF International Monetary Fund ECFIN Financial Affairs DG Directorate-General for Employment IPA Instrument for Pre-Accession DPL Development Policy Lending IRB Independent Regulatory Bodies DRG Diagnose Related Group JSS Justice Sector Support EBRD European Bank for Reconstruction and LPI Logistics Performance Index EC European Commission LSMS Living Standards Measurement Survey ECA Europe and Central Asia Region MDTF Multi Donor Trust Fund ECSEE Energy Community of South East Europe M&E Monitoring and Evaluation EFTA European Free Trade Association MIGA Multilateral Investment Guarantee Agency EIB European Investment Bank MIPD Multi-annual Indicative Planning MoF Ministry of Finance MSME Micro, Small and Medium Enterprise NBS National Bank of Serbia SAA Stabilization and Association Agreement OECD Organization for Economic Co-operation SEE South East Europe and Development The original had problem with text extraction. pdftotext Unable to extract text.