Tabakovic: IMF has confirmed adequacy of Serbia's economic policy

BELGRADE - The IMF Executive Board has made a decision on successful completion of the first review of the results of the economic programme of the Republic of Serbia, supported by a stand-by arrangement (SBA), and concluded regular consultations under Article IV of the IMF's Articles of Agreement that were held with Serbia, the National Bank of Serbia (NBS) said in a statement on Thursday.

"In making the decision, it was noted that the Republic of Serbia is successfully implementing the agreed economic programme. All the criteria based on which the programme 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," the central bank said in a statement.

"The IMF Executive Board's decision confirms that an adequate economic policy is...