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negro or SNP ; Yugoslav United Left or JUL Political pressure groups and leaders: National Movement for the Liberation of Kosovo or LKCK ; The People's Movement for Kosovo or LPK International organization participation: ICFTU, IHO, IMO, Inmarsat, Intelsat, IOC, ISO, ITU, NAM, OPCW, UNHCR Diplomatic representation in the US: the Embassy of the Former Socialist Federal Republic of Yugoslavia ceased operations 25 March 1999 Diplomatic representation from the US: at present, the US has no diplomatic representation in Serbia and Montenegro; the US office in Pristina, Kosovo, was opened in 1999; its members are not accredited to a foreign government @Serbia and Montenegro:Economy Economy - overview: The swift collapse of the Yugoslav federation in 1991 has been followed by highly destructive warfare, the destabilization of republic boundaries, and the breakup of important interrepublic trade flows. Output in Serbia and Montenegro dropped by half in 1992-93. Like the other former Yugoslav republics, it had depended on its sister republics for large amounts of energy and manufactures. Wide differences in climate, mineral resources, and levels of technology among the republics accentuated this interdependence, as did the communist practice of concentrating much industrial output in a small number of giant plants. The breakup of many of the trade links, the sharp drop in output as industrial plants lost suppliers and markets, and the destruction of physical assets in the fighting all have contributed to the economic difficulties of the republics. One singular factor in the economic situation of Serbia is the continuation in office of a government that is primarily interested in political and military mastery, not economic reform. Hyperinflation ended with the establishment of a new currency unit in June 1993; prices were relatively stable from 1995 through 1997, but inflationary pressures resurged in 1998. Reliable statistics continue to be hard to come by, and the GDP estimate is extremely rough. The economic boom anticipated by the government after the suspension of UN sanctions in December 1995 has failed to materialize. Government mismanagement of the economy is largely to blame, but the damage to Serbia's infrastructure and industry by the NATO bombing during the war in Kosovo have added to problems. Also, sanctions continue to isolate Belgrade from international financial institutions; an investment ban and as
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