Mali: New three-year PCI agreed with IMF

BELGRADE - Serbian Finance Minister Sinisa Mali announced on Tuesday a closing meeting with an IMF mission led by Donal McGettigan had been held earlier in the day to complete a fourth - and final - review under Serbia's current standby arrangement with the IMF and that a new three-year, non-financial Policy Coordination Instrument (PCI) had been agreed with the financial institution.

"The new arrangement is a clear signal to investors, which are coming to our country in growing numbers, that Serbia is committed to accelerated growth, development and modernisation while preserving macroeconomic stability. That is a policy we have been pursuing for years now, and one that has resulted in obtaining investment-grade credit rating for the first time in our history," Mali wrote in an Instagram post.

Continued structural reforms as well as a commitment to accomplishing the...