Serbia agrees 2.45 bln euro standby deal with IMF

The deal will give Serbia security that the economic consequences of the war in Ukraine will not affect the reforms it is trying to make, the government said in a statement on Wednesday, following a visit by an IMF mission to the country.

The government added that it expects that the IMF board of directors will approve the deal by December.

Last month, the International Monetary Fund (IMF) said it expects Serbia's economy to grow by 3.5% this year and by 2.7% in 2023.

($=1.0247 euro)