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

International Monetary Fund

No 2006/384, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP; current account; disinflation; deficit; inflation expectation; banking privatization; fund staff projection; privatization agency; Inflation; Current account balance; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 76
Date: 2006-10-27
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