IMF mission meets with ministers

The mission of the International Monetary Fund (IMF) has continued its revision of the fifth stand-by credit arrangement with Serbia on Thursday.

Izvor: Tanjug

Thursday, 26.08.2010.

09:49

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The mission of the International Monetary Fund (IMF) has continued its revision of the fifth stand-by credit arrangement with Serbia on Thursday. The IMF officials metwith Serbian Deputy Prime Minister Jovan Krkobabic and Minister of Labor and Social Policy Rasim Ljajic. IMF mission meets with ministers Ljajic said on Thursday in that he expects a social insurance law to be passed by the end of the year and that RSD 4bn are needed to implement it fully. Ljajic pointed out that "the normative act will introduce a series of services fully harmonized with European and international standards, determine the criteria for expanding the number of social insurance beneficiaries, as well as ensure better targeted distribution of social aid." IMF Mission Chief Albert Jaeger inquired about the dynamics of implementing a RSD 1.5bn social aid package for the poorest segments of population, which was discussed during the IMF delegation's previous visit to Serbia. Ljajic explained that part of the funds in the package has been allocated while the rest will be located in the budget rebalance. Official talks between representatives of the Serbian government and the IMF began on Monday by a plenary session in the NBS, and will last until August 31. According to announcements, the talks will focus on the latest fiscal, monetary and macroeconomic developments, with a special reference to the bill on fiscal responsibility which should be submitted to the parliament for adoption by mid September. In the course of talks with Serbian Prime Minister Mirko Cvetkovic and Finance Minister Diana Dragutinovic on Monday, Albert Jaeger pointed out that so far, Serbia conducted its fiscal policy in a positive and responsible manner.

IMF mission meets with ministers

Ljajić said on Thursday in that he expects a social insurance law to be passed by the end of the year and that RSD 4bn are needed to implement it fully.

Ljajić pointed out that "the normative act will introduce a series of services fully harmonized with European and international standards, determine the criteria for expanding the number of social insurance beneficiaries, as well as ensure better targeted distribution of social aid."

IMF Mission Chief Albert Jaeger inquired about the dynamics of implementing a RSD 1.5bn social aid package for the poorest segments of population, which was discussed during the IMF delegation's previous visit to Serbia.

Ljajić explained that part of the funds in the package has been allocated while the rest will be located in the budget rebalance.

Official talks between representatives of the Serbian government and the IMF began on Monday by a plenary session in the NBS, and will last until August 31.

According to announcements, the talks will focus on the latest fiscal, monetary and macroeconomic developments, with a special reference to the bill on fiscal responsibility which should be submitted to the parliament for adoption by mid September.

In the course of talks with Serbian Prime Minister Mirko Cvetković and Finance Minister Diana Dragutinović on Monday, Albert Jaeger pointed out that so far, Serbia conducted its fiscal policy in a positive and responsible manner.

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