International Monetary Fund

IMF Cash Delay Threatens Bosnian Budgets

Nermin Niksic, Prime Minister of the Federation of Bosnia and Herzegovina, one of Bosnia's two entities, on May 5 warned that the entity budget faced a crisis due to the cancellation of an expected tranche of IMF money.

The IMF representative to Bosnia, Ruben Ayotan, blamed Bosnia's failure to adopt key laws for the blockage of the cash.

"Serbia wants precautionary arrangement with IMF"

"Serbia wants precautionary arrangement with IMF"

BELGRADE -- The level of Serbia's foreign exchange reserves is sufficiently high so it will not be looking for an arrangement with the IMF "that would imply taking loans."

Instead, Serbia wants a precautionary arrangement, the National Bank of Serbia (NBS) Governor Jorgovanka Tabaković said on Monday.

Greek factory activity grows again in April, survey shows

Greek factory activity expanded again in April thanks to the first rise in employment in six years and faster increases in output and new orders, a survey showed on Friday.

Manufacturing activity has veered between contraction and growth since it logged its first month of expansion since mid-2009 in January.

IMF Approves USD 17 B Loan to Ukraine

The International Monetary Fund (IMF) has approved a USD 17.1 B bailout for Ukraine to help the country's economy.

The loan is dependent on strict economic reforms, including raising taxes and energy prices.

The money will be released over two years, with the first installment of USD 3.2 B available immediately.