IMF experts to offer solution for preservation of financial stability in the country to Serbian officials

The Manager of the European Department of International Monetary Fund (IMF), Michael Deppler, estimated that Serbia had high inflation rate and high deficit of its current payment balance and pointed out that the international union would make a final decision in case Serbia and Montenegro do not agree on the IMF membership inheritance.

He said that, starting from June 14, 2006, the IMF Mission to Belgrade would talk, "and not negotiate", with the Government of Serbia for the following two weeks. The talks will be related to the situation of macroeconomy. Deppler also explained that that would be the advisory process, during which the recommendations for the creator of economic policy in Serbia for the following period would be defined.

According to his words, Serbia has high deficit of the payment balance that is financed from the expensive loans with the high inflation rate, while NBS issues measures in order to control growth of credit activity, which also worries IMF.

- The new Head of the IMF Mission to Serbia and Montenegro, Peter Doyle, will led the delegation that will talk with the Serbian officials during the next two weeks - said Deppler and pointed out that, on that occasion, the Mission would offer solution for preservation of financial stability in Serbia.