Serbia Eyes Debt Options to Save Economy, Dnevnik Reports

Serbia’s government is considering short-term borrowing options to ensure the economy’s survival before preparing a fiscal-consolidation plan, Finance Minister Mladjan Dinkic told newspaper Dnevnik in an interview.

The government will borrow wherever conditions are “relatively” favorable, including selling Treasury bills, Eurobonds and reaching bilateral loan agreements with “friendly” countries, Dinkic was quoted as saying.

Serbia will ask Russia to reallocate as much as $300 million of an $800 million loan for railways to budget support and will continue talks with the International Monetary Fund and the World Bank, he told the newspaper based in Novi Sad.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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