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OFFICIAL TALKS WITH IMF START


14.02.2011. / Tanjug

The Serbian government will start today official talks with the mission of the International Monetary Fund (IMF) on the seventh, last revision of the stand-by arrangement with a plenary meeting at the National Bank of Serbia (NBS) in Belgrade. Serbia's Prime Minister Mirko Cvetkovic conferred with representatives of the International Monetary Fund (IMF) on Monday about the current economic situation in the country and the ongoing strikes in the public sector, stressing that salary hikes must stay in line with the agreed budget and economic policy.

Cvetkovic and Finance Minister Diana Dragutinovic conferred with the IMF delegation led by Albert Jaeger as part of the seventh and final review of Serbia's Stand-By Arrangement with the financial institution, the government's press office said in a release.

It was assessed at the meeting that all reviews to date have been successful and that all factors relevant to the final review have been considered.

During the day, Prime Minister Mirko Cvetkovic and Finance Minister Diana Dragutinovic, as well as Minister of Labour and Social Policy Rasim Ljajic will confer with the IMF delegation.

The IMF mission is staying in Belgrade February 9-23, within the seventh, last quarterly review of the stand-by arrangement.

IMF, Krkobabic to discuss economic situation, pension reform

The current economic situation and implementation of pension reform in Serbia are the topics of the Monday meeting between Serbian Deputy Prime Minister Jovan Krkobabic and the delegation of the International Monetary Fund (IMF), Tanjug learnt at the deputy prime minister's cabinet.

The meeting should start in the Serbian government building at 4 p.m.

During their last visit to Serbia, in October 2010, IMF representatives and Krkobabic agreed that the bill of amendments to the Pension and Disability Insurance Law should contain a provision preventing minimum pension from dropping below 27 percent of the average salary in Serbia.

Minimum pension should thus be extraordinarily modified every January 1 and adjusted to the average salary for the previous year.

Following the October visit by the IMF delegation, the amendments to the Pension and Disability Insurance Law were finalised and adopted, although the bill was previously withdrawn from the parliamentary procedure.

At a plenary session held in the National Bank of Serbia (NBS) in Belgrade on Monday, the Serbian government and the IMF mission launched official talks on the seventh revision of the stand-by credit arrangement.

The meeting is attended by NBS Governor and Serbia's representative to the IMF Dejan Soskic, Deputy Prime Ministers Mladjan Dinkic, Jovan Krkobabic, and Bozidar Djelic, Finance Minister Diana Dragutinovic and President of the NBS Council Bosko Zivkovic. The IMF mission is headed by Albert Jaeger.

Later in the day, the IMF mission will confer with Serbian Prime Minister Mirko Cvetkovic, Finance Minister Diana Dragutinovic and Minister of Labour and Social Policy Rasim Ljajic.

 



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