Republic of Serbia: Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia

December 18, 2015

Preview Citation

Format: Chicago

Republic of Serbia: Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia, (USA: International Monetary Fund, 2015) accessed December 25, 2024

Summary

This paper discusses Serbia’s Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria (PCs). The program is delivering good results. Significant fiscal tightening and efforts to address structural weaknesses and improve the business climate have helped restore growth and boost confidence and foreign direct investment. All end-September PCs were met with significant margins. However, there was a minor deviation in the indicative criterion on domestic arrears, and implementation of structural benchmarks has faced delays. Modifications of the end-December fiscal performance criteria are proposed to allow recognition of past liabilities.

Subject: Banking, Economic sectors, External debt, Financial institutions, Inflation, Loans, Prices, Public debt, Public sector

Keywords: Core inflation, CR, December inflation, Global, Growth potential, Headline inflation, Inflation, ISCR, Land registry, Loans, Public sector, Registry data, Staff appraisal

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/347
Stock No:

1SRBEA2015004
ISBN:

9781513597522
ISSN:

1934-7685

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