This Report examines if and how expert witnesses impact the integrity, impartiality and efficiency of adjudication in four countries—Serbia, Montenegro, North Macedonia and Bosnia and Herzegovina (BiH). The report is part of a broader World Bank initiative to raise awareness of reform...

The Country Opinion Survey in Serbia assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Serbia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the...

Since the global economic and financial crisis of 2008, Serbia has struggled with a weak economy and a deteriorating fiscal position. Until 2008, fiscal deficits were moderate and public debt declined significantly. Since the start of the global economic and financial crisis in 2008, however,...

This disaster risk financing country note for Serbia provides an overview of the way its government currently finances the costs imposed by natural disasters. Meanwhile, poverty deepened after the financial crisis and during the recessions of 2012 and 2014, mainly because of losses in employment...

Reform of the judiciary is a key element of Serbia's European Union (EU) accession process, and in ensuring sustainable economic growth and delivering justice to Serbian citizens and businesses. Reform of the judiciary has been ongoing since the regime change in 2000. However, efforts...

The government's public financial management (PFM) Reform Program 2016-2020 foresees the gradual transition of public sector financial reporting from a cash basis to an accrual basis of accounting and the application of International Public Sector Accounting Standards (IPSAS). This will...

Prospects for faster, more sustainable economic growth and higher living standards in Serbia rely on increasing employment opportunities for all. By maintaining the current structure of labor participation, Serbia is not capitalizing on its educated young population, as only 48 percent of...

Serbia has rather high prevalence of smoking. According to the National Health Surveys, the prevalence of daily smoking among men in 2013 was 33 percent which was lower than in 2000 (41 percent), while among women it was almost as high as in 2000 (26 percent). Cigarette smoking among adolescents...

Capital markets in Serbia are shallow and relatively underdeveloped. The only market segment that functions comparatively well is the government bond market. The contribution of capital markets to financing the economy is limited. The private sector is not making use of non-government bond...