Quantcast


Last updated: February 19. 2013 5:05PM - 116 Views

Story Tools:

Font Size:

Social Media:

(AP) The International Monetary Fund has opened talks with Serbia that could potentially lead to a new loan deal for the Balkan country.


The talks which started Tuesday will focus on pledges by Serbia's new government to slash public spending in a 2013 draft budget.


Serbia's deficit in 2012 has soared to around 7 percent of gross domestic product. The draft budget projects the deficit falling to 3.6 percent.


The IMF froze a 1 billion ($1.27 billion) standby loan with Serbia in January over the country's rising public spending.


The government says it needs a new deal with the IMF as a guarantee to foreign investors that Serbia's economy is on the right track.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com