Tag Archive
Serbia to shed 14,000 government jobs
Serbia will have to lay off about one-fifth of its government employees — 14,000 people — to meet conditions set by the International Monetary Fund to receive more financial aid, the country’s finance minister said Monday. Finance Minister Diana Dragutinovic said Serbia aims to cut spending before the government resumes its talks with the IMF... »
IMF forgives debt, lends more to Serbia
The International Monetary Fund (IMF) has written off 550 million dollars of Serbian debt relating to Kosovo while agreeing to pump in more money into Serbia after Serb government agreed to scale back the crisis hit country’s massive public sector. Last year, Serbian government has asked the IMF to relieve the country from paying Kosovo’s... »
Serbia’s budget gap narrows ahead of IMF visit
Serbia’s budget gap narrowed to 53.8 billion Serbian dinars (577 million euros) in July, weeks ahead of an IMF mission reviewing the country’s three-billion euro loan, a report said on Monday. The International Monetary Fund wants Serbia to limit its deficit to within the 3 percent of GDP as a condition its loan to the... »
IMF: Serbia Visit On Loan Slice
An International Monetary Fund team is to visit Serbia in 11 days’ time to assess the country’s bid for a second stand-by instalment, the IMF said Thursday. The mission, due to arrive on Aug. 24, is to review whether Serbia has met IMF-set requirements as part of the EUR3-billion stand-by loan approved in May, an... »
Serbia: Kosovo recognition not IMF condition
The IMF has not raised the issue of Belgrade’s recognition of the self-proclaimed independence of Kosovo and Metohija and set it as a condition for offering crisis assistance to Serbia, and it has no intention to do that in the in the future, the Russian news agency Itar-Tass reported on Thursday. Itar-Tass says that rumor... »
IMF reduces Serbia GDP growth
IMF has reduced its projection for Serbia’s growth of the gross domestic product from last year’s 7.1% to 6% for 2009. IMF expects that the GDP falls at least 4% in 2009 among the emerging economies. Serbia is classified as an emerging economy. »
Growth, deficit up in Serbia
IMF says that although it expects Serbia’s growth for 2008-09 to be aver 6% the growth is unbalanced as the government spends too much money. IMF says that inflation is decreasing but the export base is very small to support the increasing private debt. This is causing the current account deficit to rise to over... »
No souring relation with IMF, governor
Serbia’s central bank Governor Radovan Jelasic said that IMF’s acceptance of Kosovo as an independent state will not have any negative impact on Serbia. “There will be no economic effect on Serbia, because our quota remains. That means that from the point of view of an eventual need for taking out funds, the situation would... »
