Q:
A:
Favourable evaluation of feasibility study to encourage foreign investment
Belgrade,
27 January 2005
Serbian Prime Minister Vojislav Kostunica met today with a delegation of the International Monetary Fund (IMF), led by head of mission Pirita Sorsa. It was agreed that a favourable evaluation of the feasibility study would encourage foreign direct investment in Serbia.
Kostunica highlighted Serbia's commitment to continue with economic reforms. He said that the budget deficit has been reduced, industrial production has increased and that significant privatisation results are expected this year. He said that the greatest problem is a large foreign trade deficit.
IMF representatives assessed that progress has been made, especially in the banking sector. They said that remaining problems include an insufficient transformation of corporate structures, a large foreign trade deficit and a negative balance of payments.
The meeting was also attended by Serbian Minister of International Economic Relations Milan Parivodic, Minister of Economy Predrag Bubalo and National Bank of Serbia Governor Radovan Jelasic.
IMF representatives assessed that progress has been made, especially in the banking sector. They said that remaining problems include an insufficient transformation of corporate structures, a large foreign trade deficit and a negative balance of payments.
The meeting was also attended by Serbian Minister of International Economic Relations Milan Parivodic, Minister of Economy Predrag Bubalo and National Bank of Serbia Governor Radovan Jelasic.
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