Republic of Serbia: Staff Report for the 2014 Article IV Consultation and Request for Stand-By Arrangement
February 26, 2015
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This 2014 Article IV Consultation highlights that the Serbian economy is facing serious challenges. GDP contracted by an estimated 2 percent in 2014 on account of continued falling domestic demand aggravated by floods, and weak economic activity in trading partners. This, together with the low imported inflation, pushed Serbia’s inflation rate below the National Bank of Serbia’s inflation tolerance band, allowing some easing of monetary policy. To support their economic policies over 2015–17, the authorities have requested the IMF’s assistance. The program aims to restore public debt sustainability, strengthen competitiveness and growth, and boost financial sector resilience.
Subject: Banking, Economic and financial statistics, Exchange rates, External debt, Fiscal consolidation, Fiscal policy, Foreign exchange, Government finance statistics, Public debt
Keywords: a number of program commitment, authority, CR, deficit, Exchange rates, Fiscal consolidation, GDP, Global, Government finance statistics, IMF stand-by arrangement, IMF's assistance, ISCR, staff appraisal, state aid
Pages:
113
Volume:
2015
DOI:
Issue:
050
Series:
Country Report No. 2015/050
Stock No:
1SRBEA2015001
ISBN:
9781498369367
ISSN:
1934-7685
