Privatisation plans fall short - Serb central bank

The National Bank of Serbia warned the government against reneging on its IMF commitments, in a press release issued on August 19.

The central bank noted that under an agreement with the IMF, the Serbian government had agreed to privatise two oil refineries. It said that the government's decision to appoint a privatisation advisor was not enough, and that further action was necessary to comply with the IMF agreement within the 2006 time limit.

The government had committed to selling the refiner

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