Minister "believes" deal with IMF at hand

Serbia's economy minister says he believes the visiting IMF delegation and Serbian officials would agree on a new precautionary arrangement by Tuesday evening.

Izvor: Tanjug

Monday, 29.08.2011.

17:42

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Serbia's economy minister says he believes the visiting IMF delegation and Serbian officials would agree on a new precautionary arrangement by Tuesday evening. However, Nebojsa Ciric declined to reveal any details of the deal "while negotiations are ongoing". Minister "believes" deal with IMF at hand Ciric noted that the IMF delegation's schedule specified they would conduct negotiations until Tuesday evening, and leave the country on Wednesday. The mission arrived here on August 18 for the precautionary arrangement talks. Previously, announcements said that the new arrangement would span 18 months and allow Serbia access to funds to the amount of 200 percent of Serbia's quota in the IMF - in other words, some EUR 1bn. Should the Serbian officials and the IMF delegation agree on the country's economic policy in the coming period, the international financial organization could approve the arrangement in late September. Nebojsa Ciric (file)

Minister "believes" deal with IMF at hand

Ćirić noted that the IMF delegation's schedule specified they would conduct negotiations until Tuesday evening, and leave the country on Wednesday.

The mission arrived here on August 18 for the precautionary arrangement talks.

Previously, announcements said that the new arrangement would span 18 months and allow Serbia access to funds to the amount of 200 percent of Serbia's quota in the IMF - in other words, some EUR 1bn.

Should the Serbian officials and the IMF delegation agree on the country's economic policy in the coming period, the international financial organization could approve the arrangement in late September.

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