Serbia and Montenegro : Staff Report for the 2005 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

July 14, 2005

Electronic Access:

Free Full text (PDF file size is 1505 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2005 Article IV Consultation highlights that macroeconomic imbalances in Serbia and Montenegro widened in 2004, putting at risk some of the impressive earlier achievements. Growth, about 5 percent in nonagriculture since 2002, has been fueled by a surge in domestic demand. Lack of competitive domestic production has led to increased imports and a widening current account deficit. The main policy challenge is to maintain macroeconomic stability while accelerating structural reform. Fiscal policy needs to be tightened substantially, and its flexibility increased by reducing the large share of nondiscretionary spending.

Series:

Country Report No. 05/233

Subject:

English

Publication Date:

July 14, 2005

ISBN/ISSN:

9781451833577/1934-7685

Stock No:

1SCGEA2005003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

165

Please address any questions about this title to publications@imf.org