NBS: IMF to approve EUR 3bn

The National Bank of Serbia (NBS) Governor Radovan Jelašić has confirmed that the IMF will on Friday approve a standby arrangement worth EUR 3bn.

Izvor: B92

Wednesday, 13.05.2009.

12:02

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The National Bank of Serbia (NBS) Governor Radovan Jelasic has confirmed that the IMF will on Friday approve a standby arrangement worth EUR 3bn. Jelasic said that Serbia will be able to draw the first EUR 800mn next week, and that the money will be used to strengthen the hard currency reserves. NBS: IMF to approve EUR 3bn A total of some EUR 2bn will be available in 2009, along with EUR 100mn from the arrangement with this institution, he said, and announced that an IMF mission will be in Belgrade in the second half of August to appraise the implementation of the measures, and the country's microeconomic situation. This visit will determine whether Serbia will be able to use more money after the initial EUR 800mn, explained Jelasic.

NBS: IMF to approve EUR 3bn

A total of some EUR 2bn will be available in 2009, along with EUR 100mn from the arrangement with this institution, he said, and announced that an IMF mission will be in Belgrade in the second half of August to appraise the implementation of the measures, and the country's microeconomic situation.

This visit will determine whether Serbia will be able to use more money after the initial EUR 800mn, explained Jelašić.

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