Republic of Serbia: Sixth Review Under the Stand-By Arrangement and Modification of the Arrangement Review Schedule-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia

December 21, 2016

Preview Citation

Format: Chicago

Republic of Serbia: Sixth Review Under the Stand-By Arrangement and Modification of the Arrangement Review Schedule-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Summary

This paper discusses Serbia’s Sixth Review Under the Stand-by Arrangement and Modification of the Arrangement Review Schedule. The program remains on track, and the economy continues to strengthen. Significant fiscal overperformance and renewed efforts to address structural weaknesses have helped boost confidence. This, along with a healthy credit recovery on the back of substantial monetary policy easing, has helped restore robust growth, while persistently low inflation has reinforced recovery in real incomes. Public debt has started to decline. The IMF staff supports the authorities’ request for the completion of the sixth review under the Stand-by Arrangement and a shift to semiannual review.

Subject: Banking, Exchange rates, External debt, Financial institutions, Foreign exchange, Loans, Public debt

Keywords: Company, CR, Dinarization strategy, Exchange rate, Exchange rates, Global, IMF staff estimate, Inflation tolerance band, ISCR, Loans, Macroeconomic policy, NPL reduction strategy, Policy, Reform agenda, Serbian authorities

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/386
Stock No:

1SRBEA2016002
ISBN:

9781475561845
ISSN:

1934-7685

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