Serbia May Need to Use Loan If Energy Prices Advance

4. October 2011. / Uncategorized

 

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.

Source;bloomberg

 

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