GA, MONUC, NAM, OAS (observer), ONUB, OPCW, OSCE, PCA, UN,
UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNOCI, UPU, WCL, WCO, WHO,
WIPO, WMO, WToO, WTO (observer)

Diplomatic representation in the US:
chief of mission: Ambassador Ivan VUJACIC
chancery: 2134 Kalorama Road NW, Washington, DC 20008
telephone: [1] (202) 332-0333
FAX: [1] (202) 332-3933
consulate(s) general: Chicago

Diplomatic representation from the US:
chief of mission: Ambassador Michael C. POLT
embassy: Kneza Milosa 50, 11000 Belgrade
mailing address: 5070 Belgrade Place, Washington, DC 20521-5070
telephone: [381] (11) 361-9344
FAX: [381] (11) 361-8230
consulate(s): Podgorica
note: there is a branch office in Pristina at 30 Nazim Hikmet 38000
Pristina, Kosovo; telephone: [381](38)549-516; FAX: [381](38)549-890

Flag description:
three equal horizontal bands of blue (top), white, and red

Economy Serbia and Montenegro

Economy - overview:
MILOSEVIC-era mismanagement of the economy, an extended period of
economic sanctions, and the damage to Yugoslavia's infrastructure
and industry during the NATO airstrikes in 1999 left the economy
only half the size it was in 1990. After the ousting of former
Federal Yugoslav President MILOSEVIC in October 2000, the Democratic
Opposition of Serbia (DOS) coalition government implemented
stabilization measures and embarked on an aggressive market reform
program. After renewing its membership in the IMF in December 2000,
a down-sized Yugoslavia continued to reintegrate into the
international community by rejoining the World Bank (IBRD) and the
European Bank for Reconstruction and Development (EBRD). A World
Bank-European Commission sponsored Donors' Conference held in June
2001 raised $1.3 billion for economic restructuring. An agreement
rescheduling the country's $4.5 billion Paris Club government debts
was concluded in November 2001 - it wrote off 66% of the debt - and
the London Club of private creditors forgave $1.7 billion of debt,
just over half the total owed, in July 2004. The smaller republic of
Montenegro severed its economy from federal control and from Serbia
during the MILOSEVIC era and continues to maintain its own central
bank, uses the euro instead of the Yugoslav dinar as official
currency, collects customs tariffs, and manages its own budget.
Kosovo's economy continues to transition to a market-based system,
and is largely