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IMF in scheduled review of Serbia’s $1.5 billion loan

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The International Monetary Fund is reviewing a $1.5 billion (€1.1 billion) precautionary loan deal with Serbia.

Serbia’s central bank said Monday an IMF delegation has met government officials to evaluate the latest fiscal, monetary and macroeconomic developments.

It adds that the focus of the review will be defining the budget framework for 2012 and economic measures to dampen the effects of the global financial crisis on Serbia.

The checkup is IMF’s first since the 18-month loan was agreed in August.

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