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Yugoslavia - Structural Adjustment Loan Project (English)

The loan is designed to support the implementation of the Government's comprehensive structural adjustment program. The principal aim of the program is to place the country's balance of payments with the convertible currency area on a sounder footing and to improve the efficiency of investment selection and resource allocation in the economy. To achieve these objectives, the Government plans to take action in the areas of investment planning and resource allocation, interest rate policy, foreign exchange allocation, export promotion and export incentives. Specific action will also be taken in the regulatory framework for price control, price adjustments in the energy and transportation sectors and the financial accountability of enterprises. The foreign exchange provided by the loan would be used to finance essential imports of raw materials, intermediate goods, spare parts and imported components for turn-key industrial projects, civil works, ships and capital goods exports.

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Yugoslavia - Structural Adjustment Loan Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/602711468139773299/Yugoslavia-Structural-Adjustment-Loan-Project