|
Related Stories »
Latest Forex TV Video »
IMF And Serbia Reach Agreement On Loan Deal (RTTNews) - The International Monetary Fund and Serbia reached a deal on Wednesday, which would allow the country to access the next installment of the EUR 2.9 billion emergency loan. At the conclusion of the second review of the Stand-By Agreement, Albert Jaeger, who led the IMF mission said, " An IMF staff mission and the Serbian authorities have reached agreement, subject to approval by the IMF Management and Executive Board". "In the next few weeks the authorities intend to implement several agreed measures, including the submission of the 2010 budget to Parliament", he said."Assuming adoption of these measures and approval by IMF Management, the second review could be considered by the Executive Board in late December. Completion will allow Serbia to draw an amount compatible with its external financing need", Jaeger added. The IMF noted that the stand-by agreement helped Serbia achieve a number of goals, including helping it to contain a decline in output as also easing financial tension and helping to decrease inflation rates. However, weak domestic demand strained the fiscal position, which was the one of the targets not met under the program. The fiscal deficit target was raised to 4.5% of GDP for 2009, but is to be brought down to 4% in 2010, and would still require the maintainence of fiscal measures put in place in 2009. Moreover, the lender said the monetary policy would remain focused on inflation. Meanwhile, the IMF expects Serbia's GDP to fall 3% this year, but post a modest growth of 1.5% in 2010. |
Top Content » |
Contributor Login | Free e-mail Alerts | About Us | Contact | Advertise With Us |
| Rates | News | Video | Currency Focus | Resources |
| Forex Spot Rates | Top Forex TV Economic News | Most Recent ForexTV Video | Euro (EUR) | Global Economic Calendar |
| Cross Rates | Commodity News | Forex News | Japanese Yen (JPY) | Currency Converter |
| Equity Market News | Stocks & Bonds | Sterling (GBP) | Glossary | |
| Charts | World Market Previews | Education Video Series | Swiss Franc (CHF) | Currency Codes |
| Forex Charts | Forex Market Commentary | ProSticks Analysis | Canadian Dollar (CAD) | Global Statistic Resources |
| ProStick Charts | Technical Analysis | Australian Dollar (AUD) | CPI Avg. Price Calculator | |
| New Zealand Dollar (NZD) | CPI Inflation Calculator | |||
| Nordic (NOK) | CIA World Factbook | |||
| EMEA | Pivot Point Calculator | |||
| Content Sharing | ||||
| RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. | ||||
| Privacy Policy | Terms and Conditions | ||||