Bloomberg News

IMF Says Serbia May Need to Use Loan If Energy Prices Advance

October 04, 2011

Oct. 4 (Bloomberg) -- Serbia may need to tap its new loan from the International Monetary Fund if energy prices rise, the fund’s Country Director Bogdan Lissovolik said.

“Right now it is highly improbable that Serbia will need the funds,” Lissovolik told reporters today at a conference in the capital Belgrade. Serbia could be forced to use the loan if energy prices rise dramatically because Serbia is a net energy importer or if the price of its exports slumps or if there are capital outflows, he said.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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