Second IMF review of Serbia's economic results successful - NBS

BELGRADE - The IMF Executive Board decided on Thursday a second review of the results of Serbia's economic programme, supported by a stand-by arrangement, has been completed successfully, the National Bank of Serbia (NBS) said.

"The fact that this time again the decision was made without convening a formal Board meeting - which is possible only if a country is pursuing sound economic policies and achieving good macroeconomic results - is yet another proof that Serbia is on the path of solid growth," said NBS Governor Jorgovanka Tabakovic.

"The IMF Executive Board concluded that Serbia's macroeconomic outturns under the programme remain strong, with recovering growth, ongoing disinflation, a narrowing current account deficit, and record high FX reserves. The planned 2024 fiscal deficit has been additionally scaled down relative to 2023, while providing room for needed...