Improving public financial management for the green transition

The development objective of the Improving Public Financial Management (PFM) for the Green Transition Operation for Serbia is to improve core PFM functions and institutional capabilities needed for Serbia’s fiscal resilience and green transition. The operation will help further strengthen Serbia’s key institutions to improve its resistance to shocks and foster greener and more resilient development. The operation will help Serbia make the next reform steps in a feasible and results-oriented manner in two results areas (RAs): (a) strengthen fiscal resilience, transparency, and spending effectiveness; and (b) green the expenditure cycle and monitor greenhouse gas (GHG) emissions for Serbia’s green transition.