Đelić: Financial system safe

Deputy PM Božidar Đelić said on Saturday Serbia's financial system in is not open to the same risks as those in the West.

Izvor: Tanjug

Sunday, 12.10.2008.

17:00

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Deputy PM Bozidar Djelic said on Saturday Serbia's financial system in is not open to the same risks as those in the West. "As regards Serbia, we have the advantage in these aggravated circumstances, in that our financial system is not exposed to the risks." Djelic: Financial system safe "Our financial system is well capitalized, the foreign currency reserves of our central bank are very significant, and they are covering the savings of the citizens," Djelic said in a telephone statement given to Tanjug from Washington. Djelic, who is heading a Serbian delegation attending the annual assembly of the International Monetary Fund (IMF) and the World Bank, said that "it is clear the economic crisis is serious on the global level, but what is encouraging is that the strongest countries have decided to work together to resolve this". "Neither represented nor admitted" According to Djelic, the Serbian delegation has made it absolutely clear that it expects the International Monetary Fund (IMF) and the World Bank to respect international law. Djelic added that these international financial organizations are expected to wait for the opinion of the International Court of Justice, concerning initiatives that Kosovo should become a member. At the current meetings, Kosovo will not be represented or admitted to the IMF and the World Bank, as it has not been admitted to any international financial institution, Djelic was quoted as saying by the Belgrade daily Politika. Regarding the Kosovo debt, Djelic underscored that Serbia, as a responsible country, is servicing all its debts, including that of Kosovo.

Đelić: Financial system safe

"Our financial system is well capitalized, the foreign currency reserves of our central bank are very significant, and they are covering the savings of the citizens," Đelić said in a telephone statement given to Tanjug from Washington.

Đelić, who is heading a Serbian delegation attending the annual assembly of the International Monetary Fund (IMF) and the World Bank, said that "it is clear the economic crisis is serious on the global level, but what is encouraging is that the strongest countries have decided to work together to resolve this".

"Neither represented nor admitted"

According to Đelić, the Serbian delegation has made it absolutely clear that it expects the International Monetary Fund (IMF) and the World Bank to respect international law.

Đelić added that these international financial organizations are expected to wait for the opinion of the International Court of Justice, concerning initiatives that Kosovo should become a member.

At the current meetings, Kosovo will not be represented or admitted to the IMF and the World Bank, as it has not been admitted to any international financial institution, Đelić was quoted as saying by the Belgrade daily Politika.

Regarding the Kosovo debt, Đelić underscored that Serbia, as a responsible country, is servicing all its debts, including that of Kosovo.

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