IMF directors to approve disbursement of next EUR 380mn tranche to Serbia.

By bne IntelliNews June 28, 2010
The IMF Board of Directors will most likely approve the disbursement of the next EUR 380mn instalment under the stand-by loan deal with Serbia, the Fund's resident representative, Bogdan Lissovolik, said. He added that the fund was still analysing some of the economic data, but noted that there are no obstacles for the disbursement of next instalment as the authorities have complied will all the requirements of the IMF. We recall that the IMF mission completed the fourth review of its stand-by loan arrangement with Serbia last month, saying that the disbursement of the next tranche is conditional on speeding up of the public sector workforce cuts and the pension system reform. The government has already submitted the pension system reform plan to the parliament and has recently adopted a decision on acceleration of public workforce cuts. Serbia drew half the EUR 360mn tranche the IMF approved in April. The aggregate disbursements under the arrangement have reached EUR 1.3bn.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss