Serb central bank upbeat on IMF warning

Radovan Jelasic, governor of Serbia's central bank, predicted on Tuesday 16 August that the government would react positively to warnings from the International Monetary Fund that its loan arrangement was in jeopardy.

Mr Jelasic said the government had "very little time to meet its obligations" on pension reform and privatisation of oil refineries, but: "I believe this will be achieved."

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