Not right time to disclose details of arrangement with IMF

BELGRADE - Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic underscored on Tuesday that the contents of the arrangement with the International Monetary Fund (IMF) are not being kept secret from the public, but the details cannot be revealed just yet until the agreement with the international financial institution is officially signed.

The public has been hit by needless stir over the fact that tangible data has not been made public yet, Tabakovic told Tanjug on the margins of the conference on the European economic integration on challenges of review in Europe and perspectives for central, eastern and south-east Europe in Vienna.

When talks are conducted with an international financial organisation, when a letter for IMF Director Christine Lagarde has been signed and the memorandum has been prepared that is yet to be adopted by the IMF Board of Directors, it is not right to open a debate in advance on the details that are certain but are still not definite, Tabakovic said.
We expect Serbia to be able to realise all the promises that we made and the projections we agreed through joint efforts, Tabakovic said.

It needs to be underscored that the budget deficit in 2015 should be brought to sustainable limits, and the same has to be done with the level of public debt, she said.

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