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Serbia Won’t Agree to Wage Caps in IMF Talks, Novosti Reports

March 8 (Bloomberg) -- Serbia won’t accept limits to public-sector wages and pensions in expected talks with the International Monetary Fund on a loan program, Vecernje Novosti newspaper reported, citing Finance Minister Mladjan Dinkic.

The talks are expected in May following fresh data on budget revenue, industrial output and exports and after checking the preparedness of everyone in the government for changes that may be required by the IMF, according to the report.

The state cannot expect its people to “make sacrifices to the rest of their live,” the newspaper quoted Dinkic as saying on the possible pension and wage cap.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

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

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