IMF successfully completes 8th review of Serbia's SBA

The IMF Executive Board decided on Wednesday to successfully complete the 8th review of the current standby precautionary arrangement with Serbia.

The National Bank of Serbia (NBS) announced this, noting that during the arrangement that will expire on February 22, 2018, Serbia did not use the available funds.

In its meeting the Executive Board assessed that Serbia has made significant progress under the agreed economic program, the NBS announced in a statement.

Market confidence has improved, investment and growth are stronger. The IMF applauded the improvement of labour market conditions, inflation moving close to the target midpoint, accelerated public debt decrease and strong external position of the country. Significant progress has also been recorded in the structural reform agenda, but it was also pointed out that deeper institutional reforms in this area...