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Successful completion of talks with IMF Mission
Belgrade,
1 September 2015
Minister of Finance Dusan Vujovic said today that talks with the International Monetary Fund (IMF) Mission have been successfully completed, that the results are good, and that Serbia's economy is recording growth.
From left: James Roaf, Dusan Vujovic and Jorgovanka Tabakovic
Speaking at a joint press conference in the Serbian government with representatives of the IMF, on the occasion of the second review of the three-year precautionary arrangement with the International Monetary Fund, Vujovic said that these are the results of this government and Prime Minister Aleksandar Vucic.
From almost probable bankruptcy, we have come to arranged finances, to improvement in the fiscal deficit and we went from a recession that threatened to become a major issue to a positive economic growth, Vujovic underlined.
He said that the most difficult tasks in structural reforms still lie ahead, and privatisation of enterprises should be completed, change the level of efficiency of public enterprises and reform the state.
The state of the 20th century is behind us, and we need a state of the 21st century, an electronic state that can effectively cope with the challenges of the economy, risks in the region and the world and which is capable of reforming its own economy and improving the lives of its citizens, the Minister of Finance said.
Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic said that Serbia will find its way in its efforts to become a country of balanced growth, price stability, a competitive economy and social progress.
Tabakovic emphasised that she expects that the opinion on the right direction of Serbia will be confirmed by the IMF board through a positive assessment.
According to her, the talks with the IMF, which are never easy, were constructive, comprehensive and purposeful this time and the result of this is the achievement of an agreement in principle in all areas.
She said that the National Bank of Serbia by achieving and maintaining price and financial stability contributes to the efforts of the government.
With the support of the IMF, she added, and the good cooperation of the National Bank of Serbia, the government and other organs, the arrangement with the IMF will be successful.
Head of the IMF Mission James Roaf said that the IMF has revised GDP growth of Serbia to 0.5% and expressed his expectation that this growth will accelerate in the coming period, stating that the IMF programme brings good results in Serbia.
From almost probable bankruptcy, we have come to arranged finances, to improvement in the fiscal deficit and we went from a recession that threatened to become a major issue to a positive economic growth, Vujovic underlined.
He said that the most difficult tasks in structural reforms still lie ahead, and privatisation of enterprises should be completed, change the level of efficiency of public enterprises and reform the state.
The state of the 20th century is behind us, and we need a state of the 21st century, an electronic state that can effectively cope with the challenges of the economy, risks in the region and the world and which is capable of reforming its own economy and improving the lives of its citizens, the Minister of Finance said.
Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic said that Serbia will find its way in its efforts to become a country of balanced growth, price stability, a competitive economy and social progress.
Tabakovic emphasised that she expects that the opinion on the right direction of Serbia will be confirmed by the IMF board through a positive assessment.
According to her, the talks with the IMF, which are never easy, were constructive, comprehensive and purposeful this time and the result of this is the achievement of an agreement in principle in all areas.
She said that the National Bank of Serbia by achieving and maintaining price and financial stability contributes to the efforts of the government.
With the support of the IMF, she added, and the good cooperation of the National Bank of Serbia, the government and other organs, the arrangement with the IMF will be successful.
Head of the IMF Mission James Roaf said that the IMF has revised GDP growth of Serbia to 0.5% and expressed his expectation that this growth will accelerate in the coming period, stating that the IMF programme brings good results in Serbia.
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