Serbia's government plans to sell its stake in JUBMES banka a.d. (BELEX:JMBN) as part of the implementation of its financial institutions' reform agenda. The authorities initiated market research for the sale of the government's shares in Jubmes Banka, the Serbian government said in a statement on the 30-month Policy Coordination Instrument-supported programme it had agreed on with the International Monetary Fund, according to a document posted on the IMF website.