Republic of Serbia : Fourth and Fifth Reviews Under the Stand-By Arrangement and Rephasing of the Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Serbia

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

September 2, 2016

Electronic Access:

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Summary:

This paper discusses Serbia’s Fourth and Fifth Reviews Under the Stand-By Arrangement and Rephasing of the Arrangement. The program is delivering good results, particularly in achieving key macroeconomic objectives. Significant fiscal tightening and efforts to address structural weaknesses have helped boost confidence and restore growth. This has been supported by a healthy credit recovery on the back of substantial monetary policy easing as inflation has been persistently low. Notwithstanding this progress, public debt remains elevated and delays continue in some structural reforms, in part owing to recent elections. Further structural reforms are required to improve the business climate and support Serbia’s medium-term growth.

Series:

Country Report No. 16/287

Subject:

English

Publication Date:

September 2, 2016

ISBN/ISSN:

9781475532289/1934-7685

Stock No:

1SRBEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

81

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