United Nations Development Program

Agreements on construction of flash flood defenses signed

BELGRADE - Agreements on the construction of four flash flood defense units in two municipalities in western Serbia were signed at the Serbian government building on Monday, as part of the project financed by the United Nations Development Program (UNDP), according to which a total of 20 flash flood defense units will be built in eight municipalities.

Turkish economy had a ‘golden age’ between 2002-2007, says former economy tsar

Turkey’s economy experienced a “golden age” between 2002 and 2007 thanks to its robust maintenance of the independence of institutions adopting monetary policy, said Kemal Derviş, the economy minister in 2001-2002 responsible for launching Turkey’s recovery from a huge financial crisis.

World Bank approves loan to aid flood recovery

World Bank approves loan to aid flood recovery

WASHINGTON -- The World Bank's Board of Executive Directors approved a EUR 227.5 million loan (USD 300 million) for the Floods Emergency Recovery project for Serbia.

It will be used primarily in the sectors of energy, agriculture and infrastructure, the World Bank said on Saturday.

WB loan to aid flood recovery

WASHINGTON - The World Bank's Board of Executive Directors approved a EUR 227.5 million loan (USD 300 million) for the Floods Emergency Recovery project for Serbia, primarily in the sectors of energy, agriculture and infrastructure, the World Bank released on Saturday.

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