Serbia Committed to 3-Year IMF Agreement, Vujovic Says
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Serbia wants to secure a three-year loan agreement with the International Monetary Fund this year to help reach debt and deficit goals as it eases off on spending cuts to blunt the pain of austerity, the new finance chief said.
Acting Finance Minister Dusan Vujovic, who took over the post after Lazar Krstic stepped down on July 12, pledged to keep the largest former Yugoslav republic from going “bust” and vowed the effect of reductions will be more evenly distributed in the economy through 2017, he said. Bonds and the dinar fell in opening trade.