Republic of Serbia: Request for Stand-by Arrangement: Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for the Republic of Serbia.
October 20, 2011
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Serbia’s transition to a more sustainable growth model remains incomplete and fragile. A precautionary Stand-By Arrangement (SBA) has been requested to insure against external risks and to provide a policy anchor. The program represents a prudent step in the present uncertain global and regional environment. However, without improving Serbia’s difficult investment climate, the economy cannot deliver sustainable growth. Executive Directors expect that a steadfast program implementation along with responsiveness to new adverse developments will lead the Serbian economy to overcome its present difficulties.
Subject: Banking, Budget planning and preparation, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Government debt management, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, Fiscal stance, Global, Government debt management, government of Serbia, IMF staff representative, inflation pressures resume, ISCR, policy stance, representative, staff appraisal, statement
Pages:
80
Volume:
2011
DOI:
Issue:
311
Series:
Country Report No. 2011/311
Stock No:
1SRBEA2011004
ISBN:
9781463922672
ISSN:
1934-7685
