“Serbia should continue cooperation with IMF”

Serbia should continue cooperating with the International Monetary Fund (IMF) without closing a financial arrangement, PM’s economic adviser Jurij Bajec said.

Izvor: Tanjug

Sunday, 27.02.2011.

16:13

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Serbia should continue cooperating with the International Monetary Fund (IMF) without closing a financial arrangement, PM’s economic adviser Jurij Bajec said. Bajec said that monitoring needed to be stepped up when it came to the Fund for the implementation of public sector reforms, manner of conducting the country's monetary policy, completion of the privatization process and creation of a favorable business environment. “Serbia should continue cooperation with IMF” “Regardless of whether the cooperation with the IMF would continue immediately upon the expiry of the current arrangement or some three months later, the Serbian government needs to tackle these issues in cooperation with its social partners because the reforms are not a simple task, although they are the only solution that can bring a more lasting improvement to Serbia,” he underscored. He specified that the new arrangement between Serbia and the IMF would represent a strengthened communication between the country and one of the world's leading financial institutions and a higher level of cooperation, rather than tightened-up control. “Strengthening of this cooperation would imply more frequent visits of the IMF mission to Serbia and intensified monitoring of agreed changes, especially in the field of public sector reforms,” Bajec explained. According to him, the assessment of the implementation of the agreed economic policy will be a public matter and both the local and foreign public and investors will have an insight into it.

“Serbia should continue cooperation with IMF”

“Regardless of whether the cooperation with the IMF would continue immediately upon the expiry of the current arrangement or some three months later, the Serbian government needs to tackle these issues in cooperation with its social partners because the reforms are not a simple task, although they are the only solution that can bring a more lasting improvement to Serbia,” he underscored.

He specified that the new arrangement between Serbia and the IMF would represent a strengthened communication between the country and one of the world's leading financial institutions and a higher level of cooperation, rather than tightened-up control.

“Strengthening of this cooperation would imply more frequent visits of the IMF mission to Serbia and intensified monitoring of agreed changes, especially in the field of public sector reforms,” Bajec explained.

According to him, the assessment of the implementation of the agreed economic policy will be a public matter and both the local and foreign public and investors will have an insight into it.

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