BELGRADE, Feb 5 (Hina) - The Yugoslav National Bank on Tuesday said that after yesterday's start of talks with the International Monetary Fund, the IMF was prepared to support reforms in Yugoslavia with new loans. Yugoslav Deputy
Premier Miroljub Labus told Belgrade's agency Beta that the loan was worth 850 million dollars which would be realised in 13 instalments until April 2005, and would be used to increase budgetary reserves and support to the stability of the national currency. IMF negotiators will remain in Yugoslavia until the end of the week, and the negotiations will continue in March. The IMF executive director committee should reach a decision on the new loan by the end of April. Yugoslavia signed a stand-by arrangement with the IMF last June, which is in effect until the end of this March. The IMF thus granted Yugoslavia a 249 million dollar loan as support for the government's economic pr
BELGRADE, Feb 5 (Hina) - The Yugoslav National Bank on Tuesday said
that after yesterday's start of talks with the International
Monetary Fund, the IMF was prepared to support reforms in
Yugoslavia with new loans.
Yugoslav Deputy Premier Miroljub Labus told Belgrade's agency Beta
that the loan was worth 850 million dollars which would be realised
in 13 instalments until April 2005, and would be used to increase
budgetary reserves and support to the stability of the national
currency.
IMF negotiators will remain in Yugoslavia until the end of the week,
and the negotiations will continue in March. The IMF executive
director committee should reach a decision on the new loan by the
end of April.
Yugoslavia signed a stand-by arrangement with the IMF last June,
which is in effect until the end of this March. The IMF thus granted
Yugoslavia a 249 million dollar loan as support for the
government's economic programme.
(hina) lml