Sunday, March 22, 2009

The IMF agreed to give Serbia three billion euros.

SyuzhetyAntikrizisnye loans MVF16.03.2009Serbiya asked the IMF an additional kreditMezhdunarodny Monetary Fund (IMF) has agreed to provide additional loans to Serbia in the total amount of three billion euros, although initially it was only about two billion euros (on to other news - two billion dollars). That was reported by AFP, referring to a statement by the Minister of Economy of Serbia Mladzhan Dinkicha (Mladjan Dinkic).
According to him, the IMF proposes to Serbia to receive two billion euros this year and another billion - in 2010-m. The final conditions of the loan will be known after the completion of all negotiations, which will last approximately 10 days. According to Dinkicha, the IMF may decide on a loan of Serbia has already 18-19 March, reported Radio Srbija.
March 16, reported that the Government of Serbia has started formal negotiations with the IMF for a major loan. These funds were to go to fight global financial crisis, which affected the Balkan countries. In particular, the GDP of Serbia in 2009 to grow only at 0,5-1 per cent, although earlier it was believed that this figure will increase by six percent.
In mid-January, the IMF has already disbursed a loan to Serbia, 530 million dollars. They went to the government program of support for the economy.
In a crisis the IMF has stepped up activities. This organization has provided loans for tens of billions of dollars to developing countries is significantly affected by the crisis. In particular, credits were Ukraine, Belarus, Hungary, Iceland, Latvia and other countries.

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