Serbia to draw EUR 56mn from latest EUR 383mn IMF loan tranche.

By bne IntelliNews June 30, 2010
Serbia will draw EUR 56mn or 15% of the fourth EUR 383.2mn instalment from the IMF loan, the central bank NBS has announced. The NBS explained the decision saying that country's foreign reserves are still high, while the country needs to cut the costs stemming from the stand-by deal with the lender. After the withdrawal of latest instalment, total disbursements under the SBA will reach EUR 1.47bn. However, the central bank noted that the full amount from the fourth instalment could be drawn if necessary. The IMF has completed the fourth review of Serbia's economic performance under SBA and approved disbursement of EUR 383.2mn tranche earlier in the week.

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