Republic of Serbia : Second Review Under the Stand-By Arrangement and Requests for Waiver of End-September Performance Criterion, Modification of End-December Performance Criteria, Rephasing of Purchases, and Financing Assurances Review

Author/Editor:

International Monetary Fund

Publication Date:

January 27, 2010

Electronic Access:

Free Full Text (PDF file size is 932 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Serbia’s Second Review under the Stand-By Arrangement and requests for Waiver of Performance Criterion are examined. The contraction in GDP has been limited relative to regional comparators, but absorption and external trade have fallen faster than expected. Foreign parent banks have rolled over their external exposure vis-à-vis Serbia, as agreed under the Bank Coordination Initiative. Rapidly rising nonperforming loans and uncertainty over real sector prospects have crimped new credit, notwithstanding government efforts to support bank lending through interest subsidies and loan guarantees.

Series:

Country Report No. 10/25

Subject:

English

Publication Date:

January 27, 2010

ISBN/ISSN:

9781451834949/1934-7685

Stock No:

1SRBEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

69

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