Slovenija
Bosna i Hercegovina
Hrvatska
The economic results in Serbia are still very good, the unemployment is at the record low level, monetary policy correct, and the 3.5 percent growth is expected this, and four percent in 2020, the head of the International Monetary Fund (IMF) mission Jan Kees Martijn said on Tuesday, the Beta news agency reported.
The IMF mission spent two days in Belgrade for the third review of the Policy Coordination Instrument (PCI).
"The IMF team had construction talks with Serbia's authorities and agreed on politics needed for the completion of the PCI," Martijn told a news conference.
He recalled that Serbia's Government adopted the budget rebalance, which included additional capital spending, one-time payment for pensioners and the increase of the public sector's salaries.
"Although these measures do not impede the fiscal sustainability, Serbia's Government should carefully follow the budget execution to secure that the deficit remains within the borders envisaged by the programme," Martijn said.
"Structural reforms are still progressing, but stronger commitment in some areas is needed to induce Serbia's growth potential and limit fiscal risks," he added at the end oh the IMF two-day mission in Belgrade.
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