PRISTINA (Serbia and Montenegro), June 16 (SeeNews) - The World Bank said on Thursday it has approved two projects worth a total of $12.5 million (10.3 million euro) to help improve business environment and effective use of public resources in the U.N.-run southern Serbian province of Kosovo.
The World Bank's board has approved a $7.0 million project aimed to improve the business environment in the province by increasing transparency and accountability of implementing institutions, the bank said on its website.
The second project, worth $5.5 million, is designed to strengthen public expenditure management in Kosovo by improving ability to use public resources more efficiently and transparently.
Kosovo, population two million, is legally part of the loose union of Serbia and Montenegro that replaced rump Yugoslavia two years ago. The province has been under U.N. administration after NATO bombed Serbia in 1999 to halt Serb repression of the ethnic Albanian majority in Kosovo.
The World Bank has granted over $80 million to the province since the end of the 1998-99 conflict.