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Central bank: IMF says Serbia successfully implementing economic program Jelena Babsek 2–3 minutes _____ The International Monetary Fund (IMF) adopted a decision on a successful completion of the first review of the results of the economic program of the Republic of Serbia, supported by the stand-by arrangement (SBA), and noted that Serbia is successfully implementing the agreed economic program, said the National Bank of Serbia (NBS) in a press release. Serbia’s central bank quoted the IMF Executive Board as saying that all the criteria based on which the program results are monitored have been met. “The achieved balance of payments and fiscal results outperformed the expectations, and the implementation of the structural reform agenda is advancing well,” said the press release. At the same time, regular consultations under Article IV of the IMF’s Articles of Agreement with Serbia have been concluded, added the NBS. “The IMF Executive Board’s decision confirms that an adequate economic policy is being implemented in Serbia, which they expect going forward as well,” assessed NBS Governor Jorgovanka Tabakovic. The Governor said that, even in times of global uncertainty, Serbia has proven itself as a country that has provided its citizens and corporates with what they needed the most in such circumstances – stability. The press release said the IMF pointed out that Serbia’s outlook remains favorable in the medium-term as well, expecting GDP’s return to the 4 percent growth path. IMF’s expectations include inflation within the bounds of the NBS’s target, country’s sustainable external position and robust public finance, it said. In its Report the IMF also stated that, despite the huge turbulences in the global money market, the relative stability of the dinar exchange rate has been preserved, while foreign exchange reserves are at record levels, added the NBS. -- http:www.antic.org --- You received this message because you are subscribed to the Google Groups "SERBIAN NEWS NETWORK" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/senet/02e601d9aa63%2463a40c80%242aec2580%24%40gmail.com.
