Serbia May Seek $1.4B IMF Loan
Serbia may ask the International Monetary Fund to offer about $1.4 billion.
Serbia may ask the International Monetary Fund (IMF) to offer about $1.4 billion, Reuters reports. The new deal will not anticipate any requirement to draw on a standby loan, said Albert Jaeger, head of the IMF mission to Serbia.
The future borrowing figures will be reviewed during the new round of talks in August. Under the terms of its previous deal with the lender, Serbia was asked keep its budget deficit at about 4.1% of gross domestic product in 2011.
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