IMF discussed its Stand-By Arrangement with Serbia

MINEX FORUM | March 7, 2017
img0 Image: cloudfront.net An International Monetary Fund (IMF) mission, led by James Roaf, visited Belgrade during February 27-March 6, 2017 to discuss progress in implementation of commitments under Serbia’s precautionary Stand-By Arrangement (SBA) with the IMF. A full mission for the seventh review under the new semi-annual SBA review schedule, combined with the 2017 Article IV ...

Serbia need a restructuring plan for loss-making state mines to get the IMF loan

MINEX FORUM | January 18, 2017
img0 Image: energovg.rs Serbia hopes to discuss a new loan agreement with the International Monetary Fund in the spring, Prime Minister Aleksandar Vucic said on Wednesday. Serbia’s 1.2 billion-euro loan agreement with the IMF is due to end in February 2018, oann.com reported with reference to Reuters. “We were very satisfied with the results we achieved through that ...

RTB Bor needs a new management team

MINEX FORUM | January 9, 2017
img0 Serbia’s RTB Bor is seeking a new management team to prepare the state-run copper mine and smelter for privatisation and repay up to one-billion euros ($1.05-billion) of debt. The Balkan state has been trying to privatise RTB Bor for more than a decade, miningweekly.com reported. As part of a 1.2-billion-euro loan deal agreed with the International ...