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

International Monetary Fund

No 2011/311, IMF Staff Country Reports from International Monetary Fund

Abstract: Serbia’s transition to a more sustainable growth model remains incomplete and fragile. A precautionary Stand-By Arrangement (SBA) has been requested to insure against external risks and to provide a policy anchor. The program represents a prudent step in the present uncertain global and regional environment. However, without improving Serbia’s difficult investment climate, the economy cannot deliver sustainable growth. Executive Directors expect that a steadfast program implementation along with responsiveness to new adverse developments will lead the Serbian economy to overcome its present difficulties.

Keywords: ISCR; CR; staff appraisal; IMF staff representative; statement; representative; government of Serbia; inflation pressures resume; policy stance; Fiscal stance; Budget planning and preparation; Government debt management; Global (search for similar items in EconPapers)
Pages: 80
Date: 2011-10-20
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