IMF to recommend increase in price of electricity by up to 5%?

The IMF Mission will recommend an increase in the price of electricity by up to 5% from this summer, as the World Bank's analysis for 2018 has shown that the price of a kilowatt in Serbia is among the lowest ones in Europe, Blic writes.

The daily writes that there are indications that, due to the social conditions, the Serbian side will insist on the increase being smaller, that is, around 3%.

The exact percentage will be known after negotiations with the IMF Mission, which arrives to Serbia on Friday, May 10, led by the new head, Jan Kees Martijn, the daily writes.

A source close to the IMF told Blic that, this time, neither EPS nor the Serbian negotiation delegation will be able to avoid discussing the price increase, although it has been officially announced that the topic of the negotiations will be structural reforms in public companies.

Akcionarsko društvo Elektroprivreda Srbije Beograd

Međunarodni monetarni fond - MMF Beograd

Svetska Banka-WB Beograd

EPS

IMF

price of electricity in Serbia

increase of price of electricity in Serbia

Jan Kees Martijn