PM: Next govt. to complete pension reforms

Serbian PM Mirko Cvetković stated in Belgrade Friday that this government has started pension system reforms which will be completed by some future government.

Izvor: Tanjug

Friday, 28.10.2011.

12:05

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Serbian PM Mirko Cvetkovic stated in Belgrade Friday that this government has started pension system reforms which will be completed by some future government. He explained that the process would be continued depending on the situation in the country and the ratio between the number of employed and pensioners. PM: Next govt. to complete pension reforms Commenting on the Letter of Intent signed after the most recent precautionary arrangement with the International Monetary Fund (IMF), Cvetkovic told the journalists at the Serbian parliament Thursday evening that such document was not a novelty, regardless of the fact that it was published on the National Bank of Serbia's (NBS) website two days ago. "A Letter of Intent is a standard instrument signed after each IMF Mission," the prime minister underlined, adding that it was signed by the NBS governor and the prime minister, that is the finance minister. "The same letter will be signed after the next round of talks," he pointed out. “The Letter is a guarantee for the IMF that certain reforms will be launched, and the Serbian government assumed some obligations which will be fulfilled indirectly,” Cvetkovic explained. He added that obligations not completed by the end of the current government's mandate would be finalized by the next government. Mirko Cvetkovic (Tanjug, file)

PM: Next govt. to complete pension reforms

Commenting on the Letter of Intent signed after the most recent precautionary arrangement with the International Monetary Fund (IMF), Cvetković told the journalists at the Serbian parliament Thursday evening that such document was not a novelty, regardless of the fact that it was published on the National Bank of Serbia's (NBS) website two days ago.

"A Letter of Intent is a standard instrument signed after each IMF Mission," the prime minister underlined, adding that it was signed by the NBS governor and the prime minister, that is the finance minister. "The same letter will be signed after the next round of talks," he pointed out.

“The Letter is a guarantee for the IMF that certain reforms will be launched, and the Serbian government assumed some obligations which will be fulfilled indirectly,” Cvetković explained.

He added that obligations not completed by the end of the current government's mandate would be finalized by the next government.

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