Republic of Serbia: Second Review Under the Stand-by Arrangement and request for Waivers of Applicability of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the Republic of Serbia

International Monetary Fund

No 2015/296, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Serbia’s Second Review Under the Stand-by Arrangement (SBA) and Request for Waivers of Applicability of Performance Criteria (PCs). The economy of Serbia is gradually recovering from the 2014 recession, supported by strong export performance coupled with a smaller-than-expected fall in consumption. Inflation has remained below the National Bank of Serbia tolerance band due mainly to low imported inflation. All end-June PCs and indicative targets were met with significant margins. The IMF staff supports the authorities’ request for the completion of the Second Review under the SBA, given the program performance so far and the policy commitments going forward.

Keywords: ISCR; CR; end-September NIR outcome; authority; development fund; executive board's decision; headline inflation in September; NIR data; reform agenda; Nonperforming loans; Loans; Western Europe; Global (search for similar items in EconPapers)
Pages: 74
Date: 2015-10-27
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=43365 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2015/296

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().