Posted by: mulrickillion | October 7, 2011

Press Release: IMF Executive Board Approves Stand-By Arrangement for the Republic of Serbia

Press Release No. 11/353
September 30, 2011

The Executive Board of the International Monetary Fund (IMF) has approved an 18-month Stand-By Arrangement for an amount equivalent to SDR 935.4 million (about US$1.5 billion1 or €1.1 billion) for the Republic of Serbia. However, the Serbian authorities intend to treat the arrangement as precautionary, and not to draw on Fund resources unless the need arises. . . .

Press Release: IMF Executive Board Approves Stand-By Arrangement for the Republic of Serbia

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