Global politics

IMF "satisfied with Serbia's 2015 budget"

BELGRADE -- The mission of the IMF "welcomed the adoption of the Serbian budget for 2015," Resident Representative of the IMF in Belgrade Daehaeng Kim has stated.

He also noted that the IMF management would decide on the announced precautionary arrangement in the second half of February.

BELGRADE - The mission of the International Monetary Fund (IMF) welcomed the adoption of the Serbian budget for 2015, Resident Representative of the IMF in Belgrade Daehaeng Kim stated and noted that the IMF management would decide on the announced precautionary arrangement in the second half of February.

The International Monetary Fund said Dec. 29 it was suspending financial aid to Greece under its huge rescue program until a new government is formed after elections slated for late January.

Amendments to arms control agreement demonstrate regional stability

Prime Minister Victor Ponta said on Thursday that Romania could secure next year a Flexible Credit Line arrangement with the International Monetary Fund (IMF), just as Poland has, provided that the Government holds sensible negotiations with Fund representatives.

Greece's jobless rate dropped to 25.5 percent in the third quarter compared with 26.6 percent in the previous three-month period, data from the country's statistics service showed on Thursday.

The rate was the lowest recorded since the third quarter of 2012, when joblessness stood at 24.9 percent.

The report, released Tuesday, estimates the cost of illicit transfers by analyzing discrepancies in balance of payments data and direction of trade statistics, as reported to the IMF, in order to detect flows of capital that are illegally earned, transferred, and/or utilized.

BELGRADE - The government will not give up on austerity measures or make compromises as otherwise the country would experience a financial collapse very soon, says Serbian Prime Minister Aleksandar Vucic.

BELGRADE - The Serbian government will discuss the 2015 budget on Wednesday, Serbian Minister of Finance Dusan Vujovic said on Tuesday, adding that the work on the fiscal strategy will be finished in the coming days.

Greek 10-year bond yields fell 42 basis points to 7.33 percent on Friday as the country’s deputy prime minister said he expected to have an initial deal with EU/IMF inspectors on their delayed bailout review by December 15.

[Reuters]