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IMF Mission coming to Belgrade

11. May 2010. | 07:20

Source: Beta

An International Monetary Fund (IMF) mission will arrive in Belgrade on May 11 and commence technical talks on the fourth review of its standby loan arrangement with Serbia, announced the National Bank of Serbia (NBS).

- An International Monetary Fund (IMF) mission will arrive in Belgrade on May 11 and commence technical talks on the fourth review of its standby loan arrangement with Serbia, announced the National Bank of Serbia (NBS).

The NBS told BETA that the technical consultations would last until the end of the week.

The plenary meeting of government and NBS representatives with IMF representatives is planned to take place on May 17, and it is envisaged that the mission will complete its two-week revision of the standby loan arrangement with Serbia, worth EUR2.9 billion, on May 25, said the NBS.

Finance Minister Diana Dragutinovic said earlier that the main topic of the talks with the IMF would be tax and pension reform in Serbia.

The IMF on May 15, 2009 approved a standby loan arrangement for Serbia worth EUR2.9 billion to strengthen foreign currency reserves. To date, Serbia has withdrawn around EUR1.3 billion.

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