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Serbia fulfills all conditions for new arrangement with IMF
Belgrade,
13 June 2018
Minister of Finance Sinisa Mali stated today that our country has fulfilled all the conditions in order to sign a new arrangement with the International Monetary Fund (IMF) in July, which will last until January 2021.
Mali said at the press conference on the occasion of the new "Policy Coordination Instrument" (PCI), which will be implemented in cooperation with the IMF, that it is an arrangement that implies advisory role of this international financial institution, and not financial assistance.
The Minister said that diffucult, yet constructive negotiations were conducted with the International Monetary Fund's mission, adding that the latest data indicate that in the first three months of this year, Serbia recorded an economic growth of 4.6%.
This is, he said, an enormous growth that puts us in the top three economies in Europe in terms of rates of economic growth.
By the end of the year, our economic growth will be between 3.5% and 3.7%, which are already high growth rates, Mali pointed out.
Mali pointed out that the Law on reduction of pensions will be abolished by the end of the year.
Also, he added that it was agreed that there would be an increase in pensions for all those pensioners who were not covered by this law.
The Minister said that diffucult, yet constructive negotiations were conducted with the International Monetary Fund's mission, adding that the latest data indicate that in the first three months of this year, Serbia recorded an economic growth of 4.6%.
This is, he said, an enormous growth that puts us in the top three economies in Europe in terms of rates of economic growth.
By the end of the year, our economic growth will be between 3.5% and 3.7%, which are already high growth rates, Mali pointed out.
Mali pointed out that the Law on reduction of pensions will be abolished by the end of the year.
Also, he added that it was agreed that there would be an increase in pensions for all those pensioners who were not covered by this law.
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