Prime Minister Miloš Vučević met today with an International Monetary Fund (IMF) mission, led by Donal McGettigan, as part of the fourth and last review under the ongoing stand-by arrangement between Serbia and the international financial institution.
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A:
Continued cooperation with IMF to strengthen economic, political stability
Belgrade,
15 October 2024
The Prime Minister pointed out that Serbia is pressing ahead with important economic reforms that will ensure the country’s macroeconomic stability.
Vučević said that the next arrangement, which will be based on continued capital investments and a fiscally responsible policy, will confirm an agreement on maintaining a budget deficit at 3% of GDP.
McGettigan emphasised that Serbia has successfully implemented reforms from the current arrangement and highlighted the importance of further focusing on reforms in key areas, such as fiscal stability, investments in infrastructure and improvement of the business environment.
McGettigan explained that the new three-year program will include various economic reforms and fiscal measures aimed at stabilising the economy, reducing the budget deficit, structural reforms and measures to improve public finances.
Vučević said that the continuation of the arrangement with this financial institution represents an important step in strengthening Serbia’s cooperation with the European Union and other international partners, as well as a certain improvement of the country’s economic and political stability.
The meeting was also attended by National Bank of Serbia Governor Jorgovanka Tabaković, Minister of Economy Adrijana Mesarović and First Deputy Prime Minister and Minister of Finance Siniša Mali.
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