Dealers to contribute to reduction of Serbia's public debt from 2019
– We expect the introduction of primary dealers to improve the realization and the terms of borrowing in the primary market, as well as to incite the liquidity of the market of state securities, dampen the debt refinancing risk and further develop the secondary market of state securities – the Ministry of Finance told Tanjug.
The idea is for plans and procedures to be prepared next year, defining who is authorized for these activities in Serbia and under what terms.
Next year, they say, consultations about the introduction of primary dealers will begin with representatives of the IMF, and “primary dealers are expected to become active in late 2019 or early 2020”.
The Ministry of Finance explains that the IMF recommends for there to be five to ten dealers in Serbia in the initial period.
The plan currently doesn't include foreign entities, whether banks or other financial institutions.
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