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The objectives are to: (i) help restore power system capability to reliably meet domestic demand; (ii) protect livelihoods of farmers in the flood affected areas; (iii) protect people and assets from floods; and (iv) improve the Borrower’s capacity to respond effectively to disasters. Negotiations completed on 16 September 2014. Environmental Assessment Category B. Project: P152018. US$ 300.0 (IBRD). Consultants will be required. Elektroprivreda Srbije, 412 Vojvode Stepe, 11000, Belgrade, Serbia, Tel: (381-11) 395-23-23, Fax: (381-11) 397-29-67, E-mail: milos.stojanovic@eps.rs, Contact: Mr. Milos Stojanovic, Head of Strategy and Investment Dept

The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
Involves the production, transformation, transportation, and distribution of energy from renewable and non-renewable sources.
Covers actions aimed at reducing disaster risks and providing emergency assistance to populations affected by natural disasters, conflicts, or humanitarian crises.