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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 13 November 2012 [View all]xchrom
(108,903 posts)19. IMF OPENS TALKS ON NEW LOAN DEAL WITH SERBIA
http://hosted.ap.org/dynamic/stories/E/EU_SERBIA_IMF?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-11-13-07-17-10
BELGRADE, Serbia (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 (EURO)1 billion ($1.27 billion) standby loan with Serbia in January over the country's rising public spending.
BELGRADE, Serbia (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 (EURO)1 billion ($1.27 billion) standby loan with Serbia in January over the country's rising public spending.
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