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

International Monetary Fund

No 2016/386, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; policy; company; dinarization strategy; exchange rate; macroeconomic policy; Serbian authorities; reform agenda; NPL reduction strategy; IMF staff estimate; inflation tolerance band; Loans; Exchange rates; Global (search for similar items in EconPapers)
Pages: 76
Date: 2016-12-21
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