The IMF: Bor successfully privatized

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Photo: Beta

Representatives of the International Monetary Fund (IMF) have evaluated today during talks with the Minister of Mines and Energy Aleksandar Antic that the Serbian government successfully privatized “Rudarsko-topionicarski basen Bor” (RTB) using a model of strategic partnership, it has been announced after the meeting in Belgrade.

At a meeting also attended by representatives of the World Bank it is said that it is of major significance that strategic partner of RTB, Chinese company Zijin Mining, will pay off debts of Bor based company, thus at the beginning of the following year it will begin to work relieved of all debts.

Antic has said that, since the last meeting with the IMF mission, significant progress has been made in Serbia’s overall energy sector and Government is more than satisfied with strategic partnership in RTB.

“This investment has ensured that RTB Bor remains stable in the long run and have capital participation in our industrial production,” Antic has said.

It has been evaluated at the meeting that financial condition of public enterprises in the energy sector, primarily EPS and Srbijagas, has improved, and there has been discussion about petrochemical sector as well.

The IMF mission is in Belgrade on the occasion of the first review of results of implementation of the new program of macroeconomic and structural reforms, approved this summer for a period of 30 months.

Source: Beta

Photo: Beta

Writes: B.M.