Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
IMF opens talks on new loan deal with Serbia
Tuesday - 11/13/2012, 7:04am EST
BELGRADE, Serbia (AP) - The International Monetary Fund has opened talks with Serbia that could potentially lead to a new loan deal for the Balkan country.
The talks which started Tuesday will focus on pledges by Serbia's new government to slash public spending in a 2013 draft budget.
Serbia's deficit in 2012 has soared to around 7 percent of gross domestic product. The draft budget projects the deficit falling to 3.6 percent.
The IMF froze a (EURO)1 billion ($1.27 billion) standby loan with Serbia in January over the country's rising public spending.
The government says it needs a new deal with the IMF as a guarantee to foreign investors that Serbia's economy is on the right track.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)