Serbia, March 7 -- The World Bank Board of Directors approved today the Second Green Transition Programmatic Development Policy Loan (DPL), providing EUR 153.7 million ($160 million equivalent) to support Serbia's ongoing reforms toward implementing the green transition. The loan is the second in a programmatic series of two operations building on ongoing activities to systematize green and gender budget tagging and assessing the potential impact of natural disasters on public finances. Serbia is also expected to accelerate sustainable transformation of its energy sector by increasing the share of renewables in its energy production. Further areas of reforms supported by this loan focus on strengthening legal and regulatory frameworks to ma...