International Monetary Fund

"Agreement with IMF by end of June"

BELGRADE -- Aleksandar Vučić has said that an agreement with the International Monetary Fund (IMF) will be reached by the end of June.

The SNS leader and the next prime minister added that the solidarity tax will be scrapped and that a budget review will be done after a government is formed.

By Katerina Sokou

Structural reforms are the way out of the financial crisis for Greece, according to the International Monetary Fund, whose Managing Director Christine Lagarde said that «the journey is not over, there are still more structural reforms to implement and plenty of work to be done on the way."

Finance Minister Petar Chobanov presented the priorities of the Bulgarian government during meetings with IMF representatives in Washington.

Stefan Riecher & Rainer Buergin

Mario Draghi’s patience with the euro has snapped.

“The strengthening of the exchange rate requires further monetary stimulus,” European Central Bank President Draghi told reporters in Washington on April 12. “That’s an important dimension for our price stability.”

“We revised the outlook to stable because we think that the recently concluded International Monetary Fund programme will serve as a policy anchor for fiscal consolidation and support the sustainability of Albania's high government debt,” Standard and Poor’s said in a statement.

The European Union was slow in its efforts to aid Greece in the wake of the country’s debt crisis, according to former Prime Minister George Papandreou.

BELGRADE - Vice President of the Serbian Progressive Party (SNS) Nebojsa Stefanovic announced that the session of the SNS Main Board would be held on Tuesday and expressed the expectation that economic expert Kori Udovicki would get a seat in some of economy-related ministries.

BELGRADE - Serbia's foreign exchange (FX) reserves amounted to EUR 10,428.3 million at end-March, covering M1 money supply by 335 percent or more than seven months of imports of goods and services, the Naktional Bank of Serbia (NBS) said in a release on Friday.

IMF predicts modest growth, high unemployment

WASHINGTON -- Serbia's economic growth in this year and the next will be modest, while unemployment will continue to be high and inflation stable.