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Agreement reached with IMF
Novi Sad,
25 March 2009
Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said today in Novi Sad that the Serbian government has reached an arrangement with the IMF according to which €3 billion will be provided over the next two years.
Dinkic said that the public will be informed about the details of the arrangement, adding that the agreement was reached at the right moment.
We expect support of €3 billion from the IMF over the next two years, of which a sum of €2.2 billion will be provided in 2009, as well as support for refinancing the private sector debt, said the Minister.
According to him, the agreement envisages the reduction in state expenses and their synchronisation with budget revenues.
The government will significantly increase national savings, as well as its responsibility, said Dinkic, adding that the burden of these measures will mostly rest on the state administration.
The IMF delegation is leaving Serbia tomorrow.
We expect support of €3 billion from the IMF over the next two years, of which a sum of €2.2 billion will be provided in 2009, as well as support for refinancing the private sector debt, said the Minister.
According to him, the agreement envisages the reduction in state expenses and their synchronisation with budget revenues.
The government will significantly increase national savings, as well as its responsibility, said Dinkic, adding that the burden of these measures will mostly rest on the state administration.
The IMF delegation is leaving Serbia tomorrow.
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