Finance Minister Diana Dragutinovic said on Oct. 13 that Serbia had at its disposal around $620 million, based on an increased quota in the International Monetary Fund, and that these funds would be used to pay debts.

Explaining the Bill on regulating debts to the IMF based on the increased quota in the Serbian parliament, Dragutinovic said Serbia would use additional funds from that international financial institution as the cheapest loan.

She said it was significant that the loan would not be used to cover the budget deficit but to pay debts, that is, to refinance earlier loans. She added that this was not a classic loan or standby arrangement, such as the ones member states have with the IMF.

"This is available money that can be used, but does not have to be, with no strings attached. If it is not used, the state has no expenses, and if used, the only expense will be the interest rate, 0.26 percent per year," Dragutinovic said. According to her, this will not be a debt to IMF, but a potential obligation of member countries. "

The funds in question are available to every IMF member country, no strings attached.