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The Government of the Republic of Serbia

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Serbian delegation to attend IMF, World Bank spring meeting

Belgrade, 9 April 2008

A Serbian government delegation, led by Deputy Prime Minister Bozidar Djelic, will participate in the spring meeting of the International Monetary Fund (IMF) and the World Bank in Washington, and will have a series of bilateral meetings from April 9 to 14 with IMF and World Bank officials and representatives of international and commercial banks.

In Washington, the Serbian delegation will discuss with IMF officials the current macroeconomic trends and implementation of economic policy.

The officials will stress that Serbia’s close cooperation with the IMF in the forthcoming period is crucial for further progress in implementing economic and structural reforms, completing the privatisation process and facing the challenges on the road to the EU, with a possible conclusion of a new arrangement, which will be decided by the next government formed after the May 11 parliamentary elections.

Following the unilateral and illegal declaration of independence by Kosovo-Metohija, Serbian officials will express disagreement with Kosovo’s potential IMF membership.

Since 2000, the IMF has continually supported the reform programme in Serbia and has so far approved three financial deals worth nearly $1.6 billion.

The last five-year financial arrangement has been successfully completed in early February 2006. The funds used within this arrangement were prematurely repaid in 2006 and 2007, thus completely settling Serbia’s obligations to this financial institution.

The Serbian delegation will discuss with World Bank representatives the implementation of a new three-year financial programme, titled “Partnership Strategy with the Republic of Serbia ”, that the Board of Executive Directors approved on December 13, 2007.

The programme is in line with Serbia’s objectives on its EU integration and will focus on implementation of reforms providing continual development, reduction of unemployment and poverty as well as environmental protection and promotion of living standards.

Also, the Deputy Prime Minister will hold a lecture at one of the world’s most prestigious universities, the Centre for Transatlantic Relations at the Johns Hopkins University.