Q:
A:
Serbia will lose credibility if agreement with IMF is not implemented
Belgrade,
11 August 2005
The Serbian government has reached an agreement with the International Monetary Fund (IMF) and if Serbia fails to implement it, it will lose credibility.
The failure to implement this agreement would largely contribute to the increase of business risk, interest and unemployment rates, while at the same reducing foreign investors’ interest in Serbia. Unfortunately, this would also void the write-off of $750 million debt to the Paris Club of Creditors, thus additionally encumbering citizens with that obligation.
It is surprising that prior to the negotiations on the Stabilisation and Association Agreement with the EU, indications of yielding to the interests of individuals and groups from the energy sector are being voiced officially. Viewing public companies as partisan is a great risk for Serbia's future.
It is surprising that prior to the negotiations on the Stabilisation and Association Agreement with the EU, indications of yielding to the interests of individuals and groups from the energy sector are being voiced officially. Viewing public companies as partisan is a great risk for Serbia's future.
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