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NBS pays out last installment of debt to IMF
Belgrade,
15 March 2007
The National Bank of Serbia (NBS) stated today that by having prematurely paid out the last installment of the remaining debt to the International Monetary Fund (IMF), it has completely settled its debt towards this international financial institution.
The statement adds that the $232 million installment was the last portion of Serbia’s $978.2 million debt, which has now been settled in four installments, namely in June, September and December 2006, with the last one being paid out today.
The premature debt settlement came about thanks to the achieved influx of revenue from privatisation, foreign direct investment and continuous growth of foreign currency reserves.
The statement concludes that after a week of talks with representatives of governmental institutions in Serbia and the NBS, the IMF mission will issue a statement presenting its view and assessment of economic trends in Serbia.
The premature debt settlement came about thanks to the achieved influx of revenue from privatisation, foreign direct investment and continuous growth of foreign currency reserves.
The statement concludes that after a week of talks with representatives of governmental institutions in Serbia and the NBS, the IMF mission will issue a statement presenting its view and assessment of economic trends in Serbia.
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