Belgrade, July 1 (Tanjug) - The Yugoslav Deputy Prime Minister Miroljub Labus said that the donors' conference for Yugoslavia had been such a huge success that the expected sum of $1.25 billion had been exceeded by about $30 million.

"We did a good job, " Labus said and added that our delegation, comprised of experts and ministers from both republics and the federal government had received praise, from numerous representatives of the IMF and other international financial institutions, for the reforms undertaken in various fields.

Labus announced the commencement, in a few days, of preliminary talks with representatives of the World Bank and the European Commission, on concrete measures for the implementation of the financial arrangements made in Brussels. He added that there was also a chance of obtaining additional aid, but he refused to reveal the sum.

Relating his impressions from the conference, Labus said that an hour before the end of the conference, the news of the fall of the federal government had come from Belgrade and "at that moment the continuation of the conference was under question." Nevertheless, it ended in the best possible way, owing to the trust and credibility, which our delegation had already achieved.

Answering the question whether the crisis of the federal government would slow down the inflow of the aid promised in Brussels, Labus rejected such a possibility, and added that within the next few days an agreement should be reached on the distribution of the sum between the Serbian and Montenegrin economic sectors, and "the task will be tackled fairly."

"In the course of the conference the question of rescheduling the Yugoslav external debt, was brought up and we now have the support of most of the important creditors," Labus said and expressed his optimism regarding the outcome of the talks between the Yugoslav delegation and Representatives of the Paris Club, scheduled for September of this year.

Labus noted that an agreement had been signed in Brussels on the introduction of a free trade zone in the Balkans, which should, within a year and a half, remove the economic obstacles for trade between the 55 million inhabitants of Romania, Bulgaria, Albania, Macedonia, Yugoslavia, Bosnia and Herzegovina and Croatia.

The Yugoslav delegation also attended the meeting of the Stability Pact for South Eastern Europe, which urged the return of refugees in the Balkan region and the definition of their status. It was agreed to raise funds for their integration into the communities where they had taken refuge or to finance their return to their homes, depending on the refugees' preferences. The funds would be raised by the Stability Pact.

At the meeting with representatives of the European Commission, also held in Brussels, it was agreed to start a process of association and stabilization, therefore the next meeting would be held in Belgrade on July 23, Labus said observing that both republic governments had given their consent to the meeting. He expressed hope that a new federal government would have been formed by that time.

"After the donors' conference our delegation attended the European Economic Forum at Cran Montana, for talks on further steps regarding the European integration of Yugoslavia. The potential investors were presented with reform projects, the abilities and the needs of the Yugoslav economy," Labus said.