United Nations Economic and Social Council

IMF mission comes to Bucharest for talks with Romanian authorities on 2015 budget bill

A joint mission of International Monetary Fund (IMF) and European Commission (EC) experts will be in Bucharest over December 2 - 10 to discuss with the Romanian authorities the 2015 Budget Bill.

The mission will be headed by chief negotiator for Romania Andrea Schaechter on behalf of the IMF, and by Istvan Szekely on behalf of the EC.

Serbia Strikes USD 1.2 B Loan Deal With IMF

Serbia has reached an agreement with the International Monetary Fund (IMF) on a 36-month USD 1.2 B precautionary standby arrangement. 

Under the agreement the Serbian government is committing to cut budget deficit to 4.2% of GDP from from 8% by 2016 by slashing wages in the public sector and trimming subsidies to loss-making state companies.

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