IMF Staff Country Reports

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.

Publication Date:

October 20, 2011

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2011/311

Subject:

Banking Budget planning and preparation External debt Fiscal policy Fiscal stance Foreign exchange Government debt management Public financial management (PFM)