Republic of Serbia: Request for Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Serbia
January 23, 2009
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With global financial turmoil increasingly spilling over into Serbia, the authorities have requested a 15-month Stand-By Arrangement (SBA), which they intend to treat as precautionary. The authorities’ program aims at safeguarding macroeconomic and financial stability, in view of the global financial turmoil. The authorities’ SBA-supported program responds to the abrupt deterioration in global financial sentiments. Safeguarding macroeconomic and financial stability are the primary objectives of the program, and the authorities recognize that policies will need to be strengthened across the board.
Subject: Banking, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Income, Inflation, National accounts, Prices
Keywords: authorities' recognition, authority, core inflation concept, CR, deficit target, executive board discussion, Fiscal stance, Global, Income, Inflation, ISCR, market confidence, request, request for stand-by arrangement, savings measure, SDR, supply side.
Pages:
89
Volume:
2009
DOI:
Issue:
020
Series:
Country Report No. 2009/020
Stock No:
1SRBEA2009001
ISBN:
9781451834918
ISSN:
1934-7685
