obrazovati

1. to educate
   Država treba da obrazuje mlade za nova zanimanja. — The state should educate young people for new professions.
   Obrazovao se u Beču i vratio u Beograd. — He was educated in Vienna and returned to Belgrade.
2. (of a body, group) to form; to set up
   Vlada je obrazovala komisiju za istragu. — The government set up a commission of inquiry.
   Na površini vode obrazovala se tanka kora leda. — A thin crust of ice formed on the surface of the water.

The verb is both perfective and imperfective, so context decides the aspect.