Municipal Improvement and Revival Programme (MIR) in Southern Serbia

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Evaluation Plan:
2005-2010, Serbia
Evaluation Type:
Project
Planned End Date:
10/2006
Completion Date:
11/2006
Status:
Completed
Management Response:
Yes
Evaluation Budget(US $):
7,500
The Guarantee Fund for Southern Serbia (Institutional Assessment)

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Title Municipal Improvement and Revival Programme (MIR) in Southern Serbia
Atlas Project Number:
Evaluation Plan: 2005-2010, Serbia
Evaluation Type: Project
Status: Completed
Completion Date: 11/2006
Planned End Date: 10/2006
Management Response: Yes
Focus Area:
  • 1. Democratic Governance
Corporate Outcome and Output (UNDP Strategic Plan 2018-2021)
Evaluation Budget(US $): 7,500
Source of Funding:
Joint Programme: No
Joint Evaluation: No
Evaluation Team members:
Name Title Nationality
Patrice Prenassi Team Leader
GEF Evaluation: No
Key Stakeholders:
Countries: SERBIA
Comments: Evaluation of the Guarantee Fund
Lessons
Findings
Recommendations
1
2 1) Clarify legal setup: At present GF is a public institution. Due to its activity, being commercial, it must be transferred to the private sector. Specific precautions must be organised to preserve the funds granted for reallocation to a "social" project in the case of a sale or of a closure of the GF. 2) Organise proper funding: A combination of grants and (soft) loans is necessary to enable sufficient activity. A satisfactory leverage ratio on deposits towards guarantee endorsement should be negotiated. 3) Organise proper income: This would include to obtain improvement in remuneration of deposit, revise guarantee fees, improve the GF team productivity and diversify activities. 4) Provide Technical Assistance: The Technical Assistance should include institution building and restructuring, training and transfer of experience and participation in negotiations with partners.
1. Recommendation:
Management Response: [Added: 2009/08/18]

Key Actions:

2. Recommendation: 1) Clarify legal setup: At present GF is a public institution. Due to its activity, being commercial, it must be transferred to the private sector. Specific precautions must be organised to preserve the funds granted for reallocation to a "social" project in the case of a sale or of a closure of the GF. 2) Organise proper funding: A combination of grants and (soft) loans is necessary to enable sufficient activity. A satisfactory leverage ratio on deposits towards guarantee endorsement should be negotiated. 3) Organise proper income: This would include to obtain improvement in remuneration of deposit, revise guarantee fees, improve the GF team productivity and diversify activities. 4) Provide Technical Assistance: The Technical Assistance should include institution building and restructuring, training and transfer of experience and participation in negotiations with partners.
Management Response: [Added: 2009/10/19]

A decision to further fund the GF implies that it must reach self-sustainability.

Key Actions:

Key Action Responsible DueDate Status Comments Documents
 Self sustainability for the GF would require: - a new legal structure, - operational profitability, - accumulation of sufficient own capital.
[Added: 2009/10/19]
Serbia 2009/10 Completed

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