Republic of Serbia: Staff Report for the 2006 Article IV Consultation and Post

Republic of Serbia: Staff Report for the 2006 Article IV Consultation and Post–Program Monitoring Discussions

October 27, 2006

Preview Citation

Format: Chicago

Republic of Serbia: Staff Report for the 2006 Article IV Consultation and Post–Program Monitoring Discussions, (USA: International Monetary Fund, 2006) accessed November 22, 2024

Summary

Failed corporate structures lie at the heart of Serbia’s economic difficulties. But the government emphasized instead the need for public investment and labor tax cuts. Capital inflows pose additional challenges. External concerns leave little room to fiscal maneuver. This puts the focus on public expenditure reform. Recent changes in monetary arrangements are appropriate. These steps would best be taken further—toward inflation targeting. However, the envisaged fiscal relaxation calls much of this into question. Serbia has made significant progress in recent years.

Subject: Balance of payments, Banking, Credit, Current account balance, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Prices

Keywords: Banking privatization, CR, Current account, Current account balance, Deficit, Disinflation, Fiscal stance, Fund staff projection, GDP, Global, Inflation, Inflation expectation, ISCR, Privatization agency

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/384
Stock No:

1SCGEA2006006
ISBN:

9781451833645
ISSN:

1934-7685

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