Serbia to start stand-by loan talks with IMF in October - FinMin.

By bne IntelliNews September 11, 2012
Serb finance minister Mladjan Dinkic said he expects that Serbia will start talks with the IMF on a possible new funding agreement in October, news agency Tanjug reported. He said he has presented the fiscal measures and plans of the new government to the Fund's fact finding mission, which started a visit to Serbia on Sept 10. Yet, actual talks on a new stand-by loan are expected to start only next month. Dinkic said that the IMF's support is very important for Serbia especially in the times of economic hardship. He added that the country is also going to seek the support of Russia for budget financing and is in talks with other countries as well. Dinkic reiterated Serbia is in the biggest crisis since 2000, adding the government's newly adopted measures would relieve domestic businesses, bring new investors and help Serbian companies improve the quality of their production and intervene on markets abroad.

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