Keepin touch

Whether you have a question, comment, suggestion or any problem falling within the competence of the Government, send us your message and we will try to respond as soon as possible. If your problem does not fall within our competence, we will forward your message to the competent institution.

The Government of the Republic of Serbia

In the service of citizens

Serbia will fully implement reforms launched

Belgrade, 26 February 2016

Minister of Finance Dusan Vujovic said today that our country has full professional and institutional support of the International Monetary Fund (IMF), which has confirmed that Serbia is on the right track.

Dusan Vujovic

Vujovic said at a press conference dedicated to the fourth revision of the three-year precautionary arrangement that at the end of the three-year programme Serbia concluded with the IMF in February 2015, stabilisation of public finances is expected.

Serbia will continue with the implementation of reforms, the Minister said and added that the visit of the delegation of this institution had a positive outcome.

Head of the IMF Mission James Roaf said that the performance under Serbia's economic programme has been strong – all quantitative performance targets for end-December were met, most by large margins.

At 3.7% of GDP, the fiscal deficit in 2015 was the lowest since 2008, and with confidence improving and interest rates declining, Serbia returned to positive growth, helped by a strong pick-up in foreign investment, he said.

James Roaf

The mission visited Belgrade on 18-26 February to initiate discussions on the fourth review under Serbia's precautionary stand-by arrangement with the IMF.

Due to the general elections we agreed with the authorities to continue the discussions with a follow-up visit once a new government has taken office, Roaf said.