International Monetary Fund

IMF approves new, non-financial advisory program for Serbia

Tanjug is reporting that this was announced by the National Bank of Serbia (NBS).

Backed by the Policy Coordination Instrument (PCI), the new program of cooperation will build on the precautionary standby arrangement successfully completed by Serbia in February this year, the NBS is quoted as saying.

Our unpredictable neighbor

Turkey knows that the door to Europe has closed for good as far as it is concerned. The political situation in the European Union leaves no room for such illusions and has hastened the "moment of truth" many were waiting for. Recep Tayyip Erdogan's domestic policies are not making the situation any easier, of course.

Bosnia's Pre-Election Pay Hikes Worry IMF

The International Monetary Fund is conducting an analysis of Bosnia's increased public spending and whether it will affect the agreement that the country has with the IMF.

It is expected to set up meetings with Bosnian officials once the analysis is complete. Regional TV station N1 reported that the meetings might be held next week.

German parliament approves Greece debt-relief package

The German parliament has approved a debt relief package for Greece that is meant to help wean the country off its rescue loans as its eight-year bailout program comes to a close.

Lawmakers in Berlin voted 410-226 on Friday to support the package, which Greece's European creditors and the International Monetary Fund agreed on last week. There were seven abstentions.

IMF chief lauds review completion, concerned about long-term debt

Christine Lagarde, Managing Director of the International Monetary Fund, commended Greece and its European partners for completing the country's final bailout review and but expressed reservations about the long-term outlook for the country's debt.

Below is the full statement by Lagarde:

Greece to get up to 15 billion euros after third bailout, says German official

Greece will likely get up to 15 billion euros for stabilization after its third bailout program ends in August so it does not have to borrow from the market, a senior German government official said on Tuesday.

The money will be taken from unused funds made available in Greece's bailout, the official said.