IMF approved USD 6.2bn since 2000

According to the official data, the International Monetary Fund (IMF) has approved four financial arrangements to Serbia since 2000. The deals total about USD 6.2bn. IMF approved USD 6.2bn since 2000 Three loan arrangements were worth USD 1.4bn, while this year's agreed on loan amounted to about EUR 2.9bn (about USD 4.3bn), with and another USD 500mn for the foreign exchange reserves of the central bank, NBS. The funds received from three standby arrangements have been paid back, two by the deadline and the third before the deadline, during 2006 and 2007. On January 16, 2009, the IMF approved a 15-month arrangement of about USD 520mn, which Serbia has not drawn yet, but the agreement was replaced last May with a new standby arrangement in the amount of EUR 2.9bn. The current standby expires in April 2011. About EUR 788mn (about USD 1.2bn) have been drawn into the NBS foreign currency reserves, but the state has yet to use the funds. By the end of 2009, Serbia could draw two more installments totaling EUR 1.4bn if it receives a positive assessment of the IMF mission following their talks with the government. The talks started on Thursday, October 22, on the level of technical experts and are scheduled to end on November 4.

IMF approved USD 6.2bn since 2000

Three loan arrangements were worth USD 1.4bn, while this year's agreed on loan amounted to about EUR 2.9bn (about USD 4.3bn), with and another USD 500mn for the foreign exchange reserves of the central bank, NBS.

The funds received from three standby arrangements have been paid back, two by the deadline and the third before the deadline, during 2006 and 2007.

On January 16, 2009, the IMF approved a 15-month arrangement of about USD 520mn, which Serbia has not drawn yet, but the agreement was replaced last May with a new standby arrangement in the amount of EUR 2.9bn.

The current standby expires in April 2011. About EUR 788mn (about USD 1.2bn) have been drawn into the NBS foreign currency reserves, but the state has yet to use the funds.

By the end of 2009, Serbia could draw two more installments totaling EUR 1.4bn if it receives a positive assessment of the IMF mission following their talks with the government.

The talks started on Thursday, October 22, on the level of technical experts and are scheduled to end on November 4.