Vucic discusses new arrangement with IMF

Andrej ISAKOVIC / AFP

Serbian President Aleksandar Vucic discussed a new advisory arrangement with International Monetary Fund (IMF) mission chief Jan Kees Martijn, a press release said on Wednesday.

“Bearing in mind the great progress Serbia achieved in the past eight years, the priority goal of this arrangement will be preserving those results and securing support for further structural reforms to achieve faster, stronger and more sustainable growth,” Vucic is quoted as saying during the meeting by video link. He added that Serbia counts on the professional and expert held of the IMF and Martijn’s personal engagement.

Vucic said that special attention will be devoted to reforming state-owned companies with a priority given to infrastructure investments, creating a better investment climate, more investments in the environment, science and capital projects which, he is quoted as saying, will contribute to stable financial growth in coming years.

The press release said that the meeting concluded that “Serbia’s main goal remains preserving its hard-won reputation of a fiscally safe country and continue its responsible fiscal policy to stop the public debt from exceeding 60 percent of the GDP”.

According to Vucic, Serbia is well on the way to achieving the planned growth of 6 percent.