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Republic of Serbia: Fourth Review Under the Stand-By Arrangement and Requests for Waiver of Non-Observance of End-March Performance Criterion and Modification of End-June Performance Criteria, and Financing Assurances Review

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  • International Monetary Fund

Abstract

Performance under the program is broadly on track. Recent economic indicators suggest that growth momentum has stalled for now, and risks to the short-term outlook have increased. Fiscal policy should continue to aim at medium-term consolidation. The agreed exit strategy from the freezes on public wages and pensions is appropriate. The gradual monetary easing strategy pursued by the National Bank of Serbia (NBS) remains appropriate. Serbia is well placed to handle possible spillovers from Greece, but close monitoring is required. The plans to restructure and privatize public enterprises are commended.

Suggested Citation

  • International Monetary Fund, 2010. "Republic of Serbia: Fourth Review Under the Stand-By Arrangement and Requests for Waiver of Non-Observance of End-March Performance Criterion and Modification of End-June Performance Criteria, and Fin," IMF Staff Country Reports 2010/210, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/210
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    Cited by:

    1. International Monetary Fund, 2011. "Ghana: 2011 Article IV Consultation and Third and Fourth Reviews Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criteria and Modification," IMF Staff Country Reports 2011/128, International Monetary Fund.

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