Governor, minister at IMF/World Bank meeting

National Bank of Serbia Governor Jorgovanka Tabaković is in Washington October 11-13 where she is attending the annual meeting of the IMF and the World Bank.

Izvor: Tanjug

Friday, 11.10.2013.

11:04

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WASHINGTON National Bank of Serbia Governor Jorgovanka Tabakovic is in Washington October 11-13 where she is attending the annual meeting of the IMF and the World Bank. She is joined by Finance Minister Lazar Krstic, Tanjug said it learned from the IMF and the World Bank. Governor, minister at IMF/World Bank meeting The focus of the two officials during the meetings will "mostly be on a possible new agreement with Serbia and World Bank programme of around USD 400 million intended for Serbia." Tanjug was told by the IMF in Washington that an agreement with Serbia was possible, but probably not before the first quarter of 2014. The IMF officials who are on a visit to Belgrade are reviewing the 2014 budget and the macroeconomic projections for the next three years, an IMF official told Tanjug, adding that if a new agreement with Serbia did occur, it would mean the IMF thought the budget was realistic and the public debt was going down. When it comes to the USD 400 million World Bank program, it would be used to finance the budget, but with the requirement of finishing the restructuring of 179 government companies by June next year. The agreement with the World Bank could be realized this or early next year, he stated. Krstic said Serbia would consider the possibility of negotiating a new arrangement with the IMF. According to the minister, the recent arrival of an IMF mission to Belgrade is part of preparing the budget for next year and a long-term fiscal strategy for 2016. (Beta/AP) Tanjug

Governor, minister at IMF/World Bank meeting

The focus of the two officials during the meetings will "mostly be on a possible new agreement with Serbia and World Bank programme of around USD 400 million intended for Serbia."

Tanjug was told by the IMF in Washington that an agreement with Serbia was possible, but probably not before the first quarter of 2014.

The IMF officials who are on a visit to Belgrade are reviewing the 2014 budget and the macroeconomic projections for the next three years, an IMF official told Tanjug, adding that if a new agreement with Serbia did occur, it would mean the IMF thought the budget was realistic and the public debt was going down.

When it comes to the USD 400 million World Bank program, it would be used to finance the budget, but with the requirement of finishing the restructuring of 179 government companies by June next year.

The agreement with the World Bank could be realized this or early next year, he stated.

Krstić said Serbia would consider the possibility of negotiating a new arrangement with the IMF. According to the minister, the recent arrival of an IMF mission to Belgrade is part of preparing the budget for next year and a long-term fiscal strategy for 2016.

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