Serbia ready for new IMF agreement, minister says

Serbian Finance Mlađan Dinkić says the Serbian government will manage to convince the International Monetary Fund (IMF) that it is ready for a new arrangement.

Izvor: Tanjug

Sunday, 16.12.2012.

15:10

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BELGRADE Serbian Finance Mladjan Dinkic says the Serbian government will manage to convince the International Monetary Fund (IMF) that it is ready for a new arrangement. He added that the government has already proven itself capable of financing itself without IMF assistance this year. Serbia ready for new IMF agreement, minister says “Serbia is entering the new year completely without fear of bankruptcy, which threatened to jeopardize the functioning of the state this fall,” Dinkic told Radio Television of Serbia (RTS) on Saturday, noting that the results in public finances would far exceed the government's plans and the IMF's expectations for the end of this year. Asked whether Serbia had met all of the IMF's requirements for starting talks on a new arrangement, the minister said the government had done a lot and that the conversation with the IMF during their visit to Belgrade in October focused on the projected budget revenue for 2013. "The fact we will have a lower budget deficit in 2013 compared to the 2012 budget balancing act reassures us that the government will convince the IMF that our country is ready for a new arrangement when their delegation comes to Belgrade," he stressed. Dinkic once again said that in 2013 the budget deficit would be cut in half, export would grow by at least 25 percent and the GDP by two percent, which should result in a slight rise in living standards. Mladjan Dinkic (Beta, file) Tanjug

Serbia ready for new IMF agreement, minister says

“Serbia is entering the new year completely without fear of bankruptcy, which threatened to jeopardize the functioning of the state this fall,” Dinkić told Radio Television of Serbia (RTS) on Saturday, noting that the results in public finances would far exceed the government's plans and the IMF's expectations for the end of this year.

Asked whether Serbia had met all of the IMF's requirements for starting talks on a new arrangement, the minister said the government had done a lot and that the conversation with the IMF during their visit to Belgrade in October focused on the projected budget revenue for 2013.

"The fact we will have a lower budget deficit in 2013 compared to the 2012 budget balancing act reassures us that the government will convince the IMF that our country is ready for a new arrangement when their delegation comes to Belgrade," he stressed.

Dinkić once again said that in 2013 the budget deficit would be cut in half, export would grow by at least 25 percent and the GDP by two percent, which should result in a slight rise in living standards.

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