Serbia may ask IMF for 1 bln euros: IMF official

Reuters News
Posted: May 27, 2011 4:24 AM

BELGRADE (Reuters) - The Serbian government may ask the International Monetary Fund for about 1 billion euros ($1.42 billion) as part of its future precautionary deal with the lender, an IMF official said on Friday.

"We have some very tentative figure that could be about 200 percent of the Serbian quota or about 1 billion euros," said Albert Jaeger, the head of the IMF mission to Serbia.

Jaeger said the future deal would not anticipate any requirement to draw on a standby loan. Belgrade's previous IMF deal, worth 3 billion euros, expired last month.

(Reporting by Aleksandar Vasovic; Editing by Kevin Liffey)