The Serbian government and an International Monetary Fund (IMF) mission, headed by Albert Jaeger, will start the sixth quarterly review of Serbia’s performance under the current Stand-By Arrangement (SBA) on 25 October.
Within issues relating to the pursuance of economic policy in the upcoming period, special focus will be placed on the 2010 supplementary budget and the fiscal framework for 2011, the National Bank of Serbia (NBS) stated.
Official negotiations between Serbian authorities and the IMF mission will open with a plenary meeting at the NBS on 25 October 2010.
In addition to NBS Governor Dejan Soskic, Serbia’s representative to the IMF, the meeting will also be attended by Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic, Deputy Prime Minister Jovan Krkobabic, Minister of Finance Diana Dragutinovic and President of the NBS Council of Governors Bosko Zivkovic.
Following the positive assessment of Serbia’s performance in implementing the agreed economic programme, Serbia has so far drawn around €1.45 billion of the total amount approved under the SBA (€2.9 billion) in support of its external reserve position.