Kristalina Georgieva Secures Second Term as IMF Chief
Bulgaria's Kristalina Georgieva has been appointed for a second term at the helm of the International Monetary Fund (IMF)
The International Monetary Fund (IMF) has approved a standby agreement with Serbia for EUR 2,9 B.
IMF's press office has announced that the sum is almost 10% of Serbia's gross domestic product (GDP). The Balkan country may immediately receive a EUR 788 M grant.
The money will help Serbian government's measures to deal with the negative effects of the global financial crisis.
The standby agreement has been extended with one more year to April 2011.
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February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
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