The Eastern European country of Serbia is trying to make the difficult transition into the digital economy model of the 21st Century. After decades under communism, the nation has struggled to expand its economy through traditional goods and services. Now, it wishes to take on the digital marketplace, seeing that as a way to quickly grow in a modern world.
The World Bank has announced that it is ready to help Serbia make that transition. In its annual development report, the World Bank noted, "countries who invest more into digital technologies achieve bigger growth." As a result, Tony Verheijen, World Bank Country Manager for Serbia announced Thursday that he was pleased the World Bank would be able to assist Serbia to step into this new marketplace.