Serbia and Montenegro: Sixth Review Under the Extended Arrangement, Financing Assurances Review, Request for Waivers of Nonobservance of Performance Criteria, and Proposed Post-Program Monitoring—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Serbia and Montenegro
February 16, 2006
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This paper discusses Serbia and Montenegro’s Sixth Review Under the Extended Arrangement, Financing Assurances Review, Request for Waivers of Nonobservance of Performance Criteria, and Proposed Post-Program Monitoring. Program implementation since the fifth review has been mixed, delaying the conclusion of the sixth and final review. Growth in 2005 reflected strong net exports, with an increasing contribution of domestic demand after mid-year. The slow structural transformation of the economy remains a major constraint on potential growth and stabilization.
Subject: Balance of payments, Current account balance, Current account deficits, External debt, Fiscal policy, Public debt, Revenue administration
Keywords: authorities of Serbia and Montenegro, authority, CR, current account, current account deficit, Current account deficits, deficit, demand management policy, Europe, fiscal policy, foreign exchange, inflation, ISCR, Yugoslavia
Pages:
101
Volume:
2006
DOI:
Issue:
058
Series:
Country Report No. 2006/058
Stock No:
1SCGEA2006001
ISBN:
9781451833591
ISSN:
1934-7685
