Republic of Serbia: Request for Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Serbia

International Monetary Fund

No 2009/020, IMF Staff Country Reports from International Monetary Fund

Abstract: With global financial turmoil increasingly spilling over into Serbia, the authorities have requested a 15-month Stand-By Arrangement (SBA), which they intend to treat as precautionary. The authorities’ program aims at safeguarding macroeconomic and financial stability, in view of the global financial turmoil. The authorities’ SBA-supported program responds to the abrupt deterioration in global financial sentiments. Safeguarding macroeconomic and financial stability are the primary objectives of the program, and the authorities recognize that policies will need to be strengthened across the board.

Keywords: ISCR; CR; request; supply side.; SDR; authority; market confidence; executive board discussion; deficit target; savings measure; authorities' recognition; request for stand-by arrangement; core inflation concept; Inflation; Fiscal stance; Income; Global (search for similar items in EconPapers)
Pages: 89
Date: 2009-01-23
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