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April 12, 2003 - Saturday |
Serbian official urges agreement on who will be representative before IMF
[Announcer] The chairman of the G17 Plus, Miroljub Labus, has warned that an agreement between Serbia and Montenegro on who will be the fiscal agent before the IMF [International Monetary Fond] needs to be reached by Monday [14 April], in order for a tranche of credit, worth 136m dollars, not to be postponed.
Labus told B92 that Serbia should be allowed to have the posts of fiscal agents before both the IMF and the World Bank.
[Labus] We will now see whether Montenegro wants to blackmail Serbia or not. Those 136m dollars should enter Serbian reserves, not the Montenegrin reserves. We will now see whether Montenegro takes care of Serbia or not.
Secondly, political institutions should be looked at differently from financial institutions. It is said in political institutions that one state equals one vote. In financial institutions, you have as many votes as you have money. So, Serbia has 95 per cent of the money in the IMF and the World Bank - it has to have many more votes than Montenegro. I think that Serbia has to have a fiscal agent in both the IMF and the World Bank, while that post in the European Development and Construction Bank should belong to Montenegro.
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