IMF mission arrives for fifth review of SBA with Serbia on August 23.

By bne IntelliNews August 11, 2010
PM Mirko Cvetkovic has announced that the next round of talks with the IMF mission under the fifth review of Serbia's stand-by agreement (SBA) with the fund will start on August 23. According to Cvetkovic, the fiscal responsibility bill will be the main item on the agenda of the upcoming talks. We recall that the fiscal responsibility legislation seeks to limit public debt and public spending. The draft law envisages setting thresholds equalling 40% of GDP for the public debt and 2.5% of GDP for the general government deficit. The law is to be adopted next month, according to earlier announcements. Cvetkovic also said that lifting a ban on public sector wages and pensions freeze is not likely this year given Serbia's SBA with the IMF, but noted that such a move could be expected next year. The total disbursements under Serbia's EUR 2.9bn stand-by loan deal with the IMF have accumulated to EUR 1.3bn.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss