Serbia and Montenegro: Third Review Under the Extended Arrangement and Requests for Waiver of a Performance Criterion and Rephasing of Purchases

July 14, 2004

Preview Citation

Format: Chicago

Serbia and Montenegro: Third Review Under the Extended Arrangement and Requests for Waiver of a Performance Criterion and Rephasing of Purchases, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This paper examines Serbia and Montenegro’s Third Review Under the Extended Arrangement and Requests for Waiver of Performance Criterion. Serbia and Montenegro’s recent economic performance has been mixed, combining excellent progress in some areas with an uncomfortably large current account deficit and modest growth in output and exports from low levels. The envisaged tightening of fiscal policy is broadly appropriate—albeit overly reliant on revenue measures. Achieving the fiscal deficit target will help narrow the current account deficit and place the fiscal and external accounts on sustainable paths.

Subject: Banking, Commercial banks, Economic sectors, External debt, Financial institutions, Minimum wages, Monetary base, Money, Privatization, Revenue administration

Keywords: Authorities of Serbia and Montenegro, Authority, Commercial banks, CR, Executive board discussion, Global, Government in Serbia, Inflation objective, ISCR, Macroeconomic policy, Monetary base, Policy, Privatization, Privatization revenue, SDR

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/202
Stock No:

1SCGEA0032004
ISBN:

9781451833546
ISSN:

1934-7685

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