IMF arrives in Belgrade for another review of SBA with Serbia.

By bne IntelliNews August 20, 2010
IMF mission has arrived in Belgrade for another review of Serbia's compliance with the terms of stand-by arrangement with the lender. The mission is due to stay in the country by Aug 31, and will assess the latest fiscal, monetary and economy trends. The key issue that will be discussed is a law on fiscal responsibility. PM Mirko Cvetkovic said he expected this round of talks with the IMF to end successfully, as well as the previous ones since the government has been complying with the IMF requirements. During the previous review of the stand-by deal, the IMF allowed Serbia to raise the budget deficit target to 4.8% of the country's GDP from the initial target of 4%. So far, Serbia has drawn a total of EUR 1.47bn under the arrangement with the IMF.

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