Disclosable Restructuring Paper - Serbia Competitiveness and Jobs - P152104

The development objective of Competitiveness and Jobs Project for Serbia is to improve the effectiveness and coordination of selected public programs to alleviate constraints to competitiveness and job creation, including investment and export promotion, innovation, active labor market programs, labor intermediation, and activation of social assistance beneficiaries. This restructuring requires the following changes: (i) amendment to the project development objective (PDO); (ii) revision to the project disbursement linked indicators (DLIs); (iii) reallocation of proceeds between components and disbursement categories; (iv) revision to the results indicators; (v) adjustment to project implementation arrangements; and (vi) an extension of the current project closing date from June 30, 2019 to June 30, 2021.