Complaint > EPS Restructuring

Compliance Report: Compliance Review Report

...compensation, recruitment, nominations, planning and procurement. The loan proceeds will be used to restructure EPS’s balance sheet, replacing short and medium term financial debt incurred to alleviate a critical cash situation created by the unprecedented and catastrophic floods in Serbia in 2014. For the purpose of this Compliance Review Report, the restructuring plan will be referred to as “the EPS Restructuring Project” or the “Project”. According to the Bank Management response, “the refina...

Complaint > EPS Restructuring

Eligibility: Eligibility Assessment Report

...cash situation created by the unprecedented and catastrophic floods in Serbia in 2014. The Bank expects to lengthen the tenors and provide terms more consistent with EPS’s operations. The Project addresses a key transition challenge in the country of improving the operations and commercialisation of the vertically integrated electricity company EPS. Through the Project the Bank has engaged with the authorit...