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Serbia, IMF mission agree on last tranche of stand-by deal

Autor: mses
BELGRADE, Feb 22 (Hina) - Serbia's government and International Monetary Fund officials on Tuesday reached an agreement on the seventh, final review of a EUR 2.9 billion stand-by arrangement, paving the way for the beginning of negotiations on a new stand-by deal in April.

Today's agreement will enable Serbia to draw an additional EUR 365 million designed for the country's foreign currencies holdings.

It is now up to the IMF board of directors to approve that installment in late March.

Serbian Finance Minister Diana Dragutinovic told reporters that the negotiations on another stand-by arrangement could be opened in late April.

(Hina) ms

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