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Serbian delegation attends IMF, World Bank spring meeting

Belgrade, 21 April 2006

The spring meeting of the International Monetary Fund (IMF) and the World Bank begins tomorrow in Washington, where the Serbian delegation will be led by Governor of the National Bank of Serbia (NBS) Radovan Jelasic.

In Washington, the Serbian delegation will hold a series of meetings with IMF and World Bank officials. The talks will focus on obligations of the Serbian government following the three-year loan arrangement with the IMF as well as structural reforms, privatisation of oil company Naftna Industrija Srbije (NIS) and the restructuring of state power supplier Elektroprivreda Srbije (EPS) and the privatisation of its side firms.

The delegation also comprises NBS Vice Governor Ana Gligorijevic, Director of the Treasury of the Serbian Ministry of Finance Vesna Dzinic and head of the Department for International Financial Relations at this ministry Mirjana Doncic.

The Serbian officials will also discuss the forthcoming visit of IMF Mission’s representatives to Belgrade in late May. The agenda of the meeting in Belgrade will be implementation of IMF’s post-monitoring programme with Serbia and regular consultations that take place every two years under article 4 of the IMF’s Statute.

The visit of IMF officials to Belgrade will also focus on results of implementation of macroeconomic policy and economic trends in Serbia in the first quarter of 2006, following the completion of the three-year arrangement with the IMF.