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April 18, 2003 - Friday |
IMF expert on good results of Serbia-Montenegro economy
LONDON - International Monterey Fund (IMF) official Emanuel Zervudakis has said that IMF managers are
particularly impressed by the swift drop of inflation in Serbia and Montenegro in the past two years, as well as increase of foreign exchange reserves, which reflects in a more positive payment balance and further increase of export and production.
Zevudakis, leading economist of the IMF expert team in charge of monitoring the situation in Serbia-Montenegro, also agreed that serious progress had been made in the privatisation of companies, which exceeded the envisaged goal, as well as in the reforms of banks.
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