IMF mission to visit Belgrade in February – Talks on economic prospects and risks planned

The International Monetary Fund (IMF) mission will visit Belgrade on February 24-28 in order to discuss the current macroeconomic developments, as well as the economic prospects and risks, with Serbian government officials, the IMF Resident Representative in Serbia, Sebastian Sosa, announced.

Image by aymane jdidi from Pixabay

Sosa told Tanjug that during the IMF stay they will also discuss the progress in implementing reforms outlines in the cooperation program supported by the Policy Coordination Instrument (PCI) which includes tax administration and reforms in other areas of the public sector, fiscal rules, public investment and state-owned enterprises management.

– The IMF mission representatives will talk this topic through with the representatives of the National Bank of Serbia, the Ministry of Finance, the Ministry of Economy and other officials from the public sector, Sosa said.

IMF approved New Cooperation Program for Serbia in July 2018

The Executive Board of the International Monetary Fund (IMF) approved a new cooperation program supported by the Policy Coordination Instrument (PCI) for Serbia at its meeting held in July 2018.

The program will build on the precautionary Stand-By Arrangement successfully completed in February 2018.

The program aims at maintaining macroeconomic and financial stability and advancing an ambitious structural and institutional reform agenda to foster rapid and inclusive growth, job creation and improved living standards.

The arrangement is approved for a period of 30 months, and five program reviews will take place on a semi-annual fixed schedule.

Leave a Reply

Your email address will not be published.