International Monetary Fund

Deeper integration of the European Union's internal market could prove crucial for boosting lackluster economic growth and productivity levels in the 27-member trading bloc, a senior IMF official told AFP Friday.

The key word for Greece and Europe is competitiveness, said National Economy and Finance Minister Kostis Hatzidakis in interviews with the Bloomberg and CNBC television networks.

WASHINGTON - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic, who is also Serbia's Governor to the IMF, attended a meeting of the International Monetary and Financial Committee (IMFC) on Friday.

The meeting of the IMF advisory body was held in Washington as part of the current IMF/World Bank Group Spring Meetings.

WASHINGTON - At a Washington investor meeting, Serbian Finance Minister Sinisa Mali spoke with representatives of the top US and international companies and investment funds.

Mali, who is in Washington for the IMF/World Bank Group Spring Meetings, gave a presentation of Serbia's economic performance and opportunities for investing in the country.

WASHINGTON - Serbian Finance Minister Sinisa Mali said a new Standard & Poor's report on Serbia, due in October, may give the country investment-grade credit rating as early as this year.

Mali said this after a meeting with the credit rating agency's representatives in Washington, where he is attending the IMF/World Bank Group Spring Meetings.

Treasury and Finance Minister Mehmet Şimşek has said they will continue to support the Central Bank's fight against inflation with fiscal policy.

The economic program aims to restore price stability and fiscal discipline while addressing macroeconomic challenges, such as reducing the current account deficit, Şimşek stressed.

The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB).

The government is working on measures to increase public sector savings, Vice President Cevdet Yılmaz has said.

The Finance Ministry and the presidency of strategy and budget authority are carrying out studies on public sector savings, with more than 15 articles being worked upon, and they will be implemented, Yılmaz told reporters after the cabinet meeting earlier this week.

The International Monetary Fund forecasts a primary surplus of 2.1% of GDP for Greece this year and a decrease in public debt by 10 percentage points to 158.8% of GDP in its report on fiscal developments (Fiscal Monitor).

BELGRADE - National Bank of Serbia (NBS) gross FX reserves amounted to 24,942.1 mln euros at end-March 2024, down by 89.3 mln euros from a month earlier, according to figures released by the central bank.