Continuation of economic reforms necessary

Serbian Minister of Economy and Finance Bozidar Djelic said that the future support of the International Monetary Fund (IMF) will depend on Serbia’s budget and the new government’s readiness to carry on with the economic reforms.

Attending the World Economic Forum in Davos, Djelic told the Belgrade press that IMF Director General First Deputy Anne Krueger and European Bank for Reconstruction and Development President Jean Lemierre agreed that the implementation of the programme of economic reforms in Serbia is satisfactory and that it is imperative that the reforms be continued.

Minister Djelic held talks with a number of international bank officials, who voiced readiness to invest in Serbia, but only after they saw the new government’s economic programme and the budget for 2004.

The Minister of Finance also met with EU High Representative for the Common Foreign and Security Policy Javier Solana, who reiterated that the EU wants a new democratic government that will be able to carry on with the reforms, especially those concerning Serbia’s accession to the EU.

Minister Djelic met with professor of the Columbia University and winner of the 2001 Noble prize in economics Joseph Stiglitz, who promised to take more active part in Serbia’s reforms and prepare a special project to that end.

Minister Djelic also held talks with Jeremy Brooks from the Transparency International organisation.