On March 3rd, the World Bank Board of Directors will review for approval US$10 million worth of loans to fund the Europa Re membership contributions of FYR Macedonia and Serbia. The negotiations for Serbia’s loan were completed in early February, and FYR Macedonia’s Europa Re membership was finalized in late 2010. Board approval of loans for their membership contributions will enable both countries to become Europe Re members in Spring 2011. FYR Macedonia is seeking Europa Re membership to increase its resilience to both earthquakes and floods, and Serbia is seeking Europa Re membership to help its population access affordable insurance to protect private property against floods, earthquakes, and landslides.