Serbia Kicks off Talks on IMF Loan

Talks between the International Monetary Fund and Serbian government are under way, as the cash-strapped Balkan nation is seeking some EUR3 billion (USD4 billion) from the fund to boost its ailing economy. According to

, Serbia originally sought EUR2 billion from IMF but increased its funding request due to debt repayments and decreasing investments. "I believe that the IMF will approve 2 billion euros (USD2.59 billion) for this year and (a total of) 3 billion euros for two years," Deputy Prime Minister Mladjan Dinkic said.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.