Republic of Serbia: Fourth Review Under the Stand-By Arrangement, Cancellation of the Stand-By Arrangement, and Request for a 36 Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic

Fourth Review Under the Stand-By Arrangement, Cancellation of the Stand-By Arrangement, and Request for a 36 Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia

Author: International Monetary Fund. European Dept.

Republic of Serbia: Fourth Review Under the Stand-By Arrangement, Cancellation of the Stand-By Arrangement, and Request for a 36 Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia

Volume/Issue: Volume 2024 Issue 337

Publication date: December 2024

ISBN: 9798400295416

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Topics covered in this book

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Exports and Imports , Public Finance , Industries - Energy , tolerance band , SBA review , investment sentiment , energy investment needs , NBS decision , Budget planning and preparation , Loans , Global

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Summary

On December 9, 2024 the IMF’s Board approved the Republic of Serbia’s fourth, and final, review under the 2-year Stand By Arrangement (SBA) 2022-24, and a request for a successor 36-month Policy Coordination Instrument (PCI). Under the SBA, the authorities pursued ambitious reforms, helping deliver strong macroeconomic outcomes and Serbia’s first ever investment grade rating. With attention shifting to ambitious public investments under the umbrella of the Leap into the Future—Serbia Expo 2027 plan, the PCI will help the authorities to demonstrate continued commitment to sound policies, sustain reform momentum, and anchor fiscal discipline.