Q:
A:
Financial support for development of agriculture in Serbia
Belgrade,
10 September 2004
Serbian Deputy Prime Minister Miroljub Labus met today with World Bank regional director for southeastern Europe and central Asia Orsalia Kalantzopulous to discuss a strategy for the realisation of the World Bank's programme for Serbia in the next three years, worth between $364 million and $495 million.
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Labus said that the Serbian government is committed to preserve macroeconomic stability and to end this year with single-digit inflation, a precondition for further restructuring of the economy.
Kalantzopulous said that the World Bank gave a positive assessment of Serbia's economic development, adding that the priorities of the Bank's programme are reform of the pension system and public finances, generating economic growth, as well as offering financial support for the development of agriculture and underdeveloped regions in Serbia.
Labus and Kalantzopulous examined in detail the investment programme for restructuring and recovery of the Bor mining and metallurgical complex (RTB Bor). In the next few months, World Bank experts will prepare a feasibility study and a strategy of further development of Bor, to be used for the final investment programme of this company.
Kalantzopulous said that the World Bank funds for the investment programme of the RTB Bor will be available in July 2005.
Kalantzopulous said that the World Bank gave a positive assessment of Serbia's economic development, adding that the priorities of the Bank's programme are reform of the pension system and public finances, generating economic growth, as well as offering financial support for the development of agriculture and underdeveloped regions in Serbia.
Labus and Kalantzopulous examined in detail the investment programme for restructuring and recovery of the Bor mining and metallurgical complex (RTB Bor). In the next few months, World Bank experts will prepare a feasibility study and a strategy of further development of Bor, to be used for the final investment programme of this company.
Kalantzopulous said that the World Bank funds for the investment programme of the RTB Bor will be available in July 2005.
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