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IMF approves €1.1bn stand-by arrangement to Serbia
Belgrade/Washington,
1 October 2011
The Executive Board of the International Monetary Fund (IMF) said today that it approved to Serbia a €1.1 billion stand-by arrangement for a period of 18 months.
The statement from the IMF says that the new arrangement, made as a precautionary measure, supports the economic programme of the Serbian government, which wants to maintain macroeconomic and financial stability in the country.
The Serbian authorities will use these funds if needed, which means that they will not withdraw the money unless necessary.
The Serbian authorities will use these funds if needed, which means that they will not withdraw the money unless necessary.
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