Serbia to sign IMF stand-by agreement

Serbia is expected to sign a new stand-by arrangement with the International Monetary Fund, according to Serbian economics minister Nebojsa Ciric.

The minister said that the government would continue to discuss ways to deal with a possible emergence of the financial crisis in Serbia.

He added that the stand-by arrangement would be a precautionary measure of key importance to showing Serbia would not have to fight a new crisis and that it would be able to meet its obligations.

“The agreement should guarantee macroeconomic stability, but is also an indication that the government has a credible economic policy, which is a positive signal to all potential investors,” Ciric explained.

Check Also

Serb Chetniks’ Links to War Criminals and Extremists Uncovered

Court records in Bosnia reveal that prominent members of Serb nationalist Chetnik organisations have been …