Q:
A:
European Commission approves €100m for Serbia’s budget
Belgrade,
8 May 2009
Deputy Prime Minister for EU integration Bozidar Djelic today affirmed that the European Commission approved €100 million as help towards Serbia’s budget, explaining that this is non-refundable aid which is part of the EU’s pre-accession aid package of €1 billion.
Author:
Tanjug
At the meeting of the central committee of the International Confederation of Agricultural Banks (CICA), Djelic specified that the first tranche will arrive in the third quarter of 2009, while the second is expected in the first half of 2010.
He said he received a letter from EU Enlargement Commissioner Olli Rehn this morning informing him about the non-refundable aid, adding that the conditions for the programme’s implementation will be known in July.
Djelic explained that the European Commission’s aid is the result of Serbia’s new arrangement with the IMF, which will be approved on May 15 and not 11, as previously announced.
According to him the non-refundable aid will help Serbia to compensate for the budget deficit, which is the most specific way for the EU to show solidarity with Serbia in this time of economic crisis.
Djelic added that the EU expects the funds to be used for the continuation of reforms on Serbia’s EU road.
He said he received a letter from EU Enlargement Commissioner Olli Rehn this morning informing him about the non-refundable aid, adding that the conditions for the programme’s implementation will be known in July.
Djelic explained that the European Commission’s aid is the result of Serbia’s new arrangement with the IMF, which will be approved on May 15 and not 11, as previously announced.
According to him the non-refundable aid will help Serbia to compensate for the budget deficit, which is the most specific way for the EU to show solidarity with Serbia in this time of economic crisis.
Djelic added that the EU expects the funds to be used for the continuation of reforms on Serbia’s EU road.
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