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IMF approves seventh review of credit arrangement with Serbia
Belgrade/Washington,
9 April 2011
The Board of Executive Directors of the International Monetary Fund (IMF) ended last night the seventh and final revision of a two-year arrangement with Serbia, which allows our country to withdraw €365 million.
With that amount, the total amount of funds withdrawn by Sa will reach €1.5 billion.
The original 15-month stand-by agreement with Serbia was approved in January 2009 in the amount of €388 million.
In May 2009 the arrangement was extended for another year and increased to about €2.9 billion to support the economic programme by the Serbian government.
The arrangement expires on 15 April.
The original 15-month stand-by agreement with Serbia was approved in January 2009 in the amount of €388 million.
In May 2009 the arrangement was extended for another year and increased to about €2.9 billion to support the economic programme by the Serbian government.
The arrangement expires on 15 April.
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