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“Electricity price rise part of IMF-Serbia agreement”

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The 15-percent electricity price hike is part of IMF’s agreement with Serbia, as stated in a memorandum which the country submitted before the deal was closed.

This was announced by head of the IMF mission Zuzana Murgasova.

Asked by Tanjug “how she sees the fact that officials in Serbia are announcing an electricity price increase after April 1,” Murgasova said that this matter would be a topic of the next agreement review some time in mid-May.

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“Potential delays in the search for a solution to the problem of Petrohemija petrochemical complex, Azotara fertilizer plant and chemical manufacturer and distributor MSK will also be a topic of the talks in the review,” she said and expressed the hope that the government would find a solution to the companies by that time.

Murgasova expressed the belief that the stand-by arrangement closed with Serbia is a high quality one.

“We are satisfied with the fact that the World Bank and the European Bank for Reconstruction and Development would be included in the realisation of the arrangement,” she said.

Source; B92

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