ECOFIN: Serbia has reached good level of compliance

BRUSSELS - Serbia has partly carried out a 2022 policy guidance but has reached a good level of compliance in most statistical areas, according to the Joint Conclusions of the Economic and Financial Dialogue between the EU and the Western Balkans and Turkey (ECOFIN).

The conclusions praised the National Bank of Serbia for having appropriately tightened monetary policy when faced with mounting inflationary pressures.

"A certain share of public funds for capital investment continues to be spent without sufficient transparency and proper checks to ensure compliance with public procurement, state aid and technical standards, particularly when it comes to big infrastructure projects financed by third-country loans. There is a need to strengthen the implementation of the legal framework in the fields of competition and state aid," the document noted.

The...