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Dinkic expects successful completion of arrangement with IMF
Belgrade,
14 September 2005
Serbian Minister of Finance Mladjan Dinkic said today that he expects the three-year arrangement with the International Monetary Fund (IMF) to be successfully completed.
Following the signing of a contract on housing loans with representatives of ProCredit Bank, Dinkic pointed out that IMF representatives welcomed the announcement of a tender for the appointment of a strategic privatisation advisor for the Serbian public oil company NIS and said that it is a huge step toward a successful completion of the current financial arrangement. All that remains is for the Serbian parliament to pass the Law on Pension and Disability Insurance, he added.
Dinkic announced that during his visit to Washington scheduled for September 23 to 25, where he is to attend a session of the IMF and the World Bank, he will present to IMF officials this year’s good results that Serbia has achieved in economy, financial discipline and structural reforms.
According to the minister, the report of the World Bank, in which Serbia has been presented as a leading country in the implementation of reforms during 2004, best shows and confirms that the Serbian government is committed to reforms, and that its work is more esteemed abroad than at home.
Dinkic recalled that this year’s GDP growth is approximately six percent, adding that last year, the deficit in the balance of payments was 15 percent, and it now stands at 10 percent.
Dinkic announced that during his visit to Washington scheduled for September 23 to 25, where he is to attend a session of the IMF and the World Bank, he will present to IMF officials this year’s good results that Serbia has achieved in economy, financial discipline and structural reforms.
According to the minister, the report of the World Bank, in which Serbia has been presented as a leading country in the implementation of reforms during 2004, best shows and confirms that the Serbian government is committed to reforms, and that its work is more esteemed abroad than at home.
Dinkic recalled that this year’s GDP growth is approximately six percent, adding that last year, the deficit in the balance of payments was 15 percent, and it now stands at 10 percent.
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