Republic of Serbia: Second Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria-Press Release; and Staff Report for Republic of Serbia

Author: International Monetary Fund. European Dept.

Volume/Issue: Volume 2023 Issue 433

Publication date: December 2023

ISBN: 9798400264542

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Topics covered in this book

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Banks and Banking , Exports and Imports , Inflation , Money and Monetary Policy , Public Finance , International - Economics , policy continuity , Policy discussion , C , energy sector policy , IMF's transparency policy , A , monetary policy , SOE governance reform , policy stance , Inflation , Loans , Central bank policy rate , Global

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Summary

Despite a challenging global environment, growth is recovering, and the labor market is resilient. The current account deficit has narrowed significantly, foreign direct investment (FDI) remains robust, and foreign exchange reserves are at record highs. Risks have fallen since the start of the program. The authorities intend to treat the SBA as precautionary starting from this review, one review earlier than planned.