Serbia Wants Three-Year Precautionary Loan With IMF, Tanjug Says

Serbia should reach agreement with the International Monetary Fund on a precautionary loan program that would cover “at least” three years, state-run news agency Tanjug reported, citing central bank Governor Jorgovanka Tabakovic.

The balance of payments does not require outright financial support and the precautionary agreement would prove that Serbia is a country where people will “gladly invest” because of predictable economic conditions, Tabakovic told Tanjug in an interview.

An IMF mission arrives in Belgrade on May 8 to open talks on a new loan program and to conduct periodical review of Serbia’s economic policies and monetary and fiscal performance.

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