French AFD and the World Bank lend 234 million euros to support Serbia’s green program
BELGRADE (Serbia), May 11 (SeeNews) – French development agency AFD has signed agreements to provide two public policy loans worth a total of 234 million euros ($ 284 million) in support of the Serbia’s green revival in cooperation with the World Bank, he mentioned.
AFD will contribute 50 million euros to a loan intended to support improving the efficiency and transparency of the public sector and the green growth initiative, co-financed by the International Bank for Reconstruction and Development (BIRD), a unit of the World Bank, with 82.6 million euros, the development agency said in a statement on Monday.
Another loan is linked to the development of the railway junction with a total value of 102 million euros, and the World Bank and AFD are financing the project in partnership, to the tune of 51 million euros each, he said. ‘agency.
âWe will succeed in improving Serbia’s resilience in the face of future climate change risks and urgently address the challenges of air pollution. of the railway sector in Serbia, âPrime Minister Ana Brnabic said in a statement.
By signing the Sofia Declaration on the Green Agenda for the Western Balkans, Serbia pledged to implement measures in the areas of climate change and pollution prevention, energy development and biodiversity, mobility and circular economy, sustainable agriculture and food production, added Brnabic.
($ = 0.823532 euros)