Brnabic meets with IMF mission

BELGRADE - Serbian PM Ana Brnabic met on Monday with an IMF Mission headed by Donal McGettigan as part of the first review under Serbia's current standby arrangement with the IMF, agreed in December 2022.

McGettigan said Serbia was achieving good macroeconomic results and good economic growth despite challenges, and noted that its FDI figures were impressive, the Serbian government said in a statement.

He added that the Serbian economy had proved resilient to external shocks and that, like in other countries in Europe and worldwide, inflation posed the only challenge.

He said the IMF expected Serbian inflation to decline by 8 pct by the end of the year.

He said the implementation of the current arrangement was progressing excellently and that all planned goals had been accomplished to date.

McGettigan especially praised the Iskra project, which...