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Serbia expects investment rating by year’s end

Belgrade/Washington, 19 April 2024

Deputy Prime Minister and Minister of Finance Sinisa Mali voiced hope after a meeting with representatives of the rating agency "S&P" in Washington that Serbia will receive an investment rating from this agency by the end of the year.

If we manage to do that, and we expect their next report in October this year, then it will be a great success after all our reforms and activities that we have already undertaken in the past 12 years to make our economy grow, be strong and stable, Mali said.

The Deputy Prime Minister stated that it was a good and constructive meeting.

He recalled that the credit rating agency "S&P" improved on 5 April of this year Serbia's prospects for increasing its credit rating from stable to positive, with the confirmation of the BB+ credit rating, which is an indication that in the next year, Serbia could for the first time reach an investment rating by one of the largest rating agencies in the world.

Mali also held a meeting with Vice President of MIGA (Multilateral Investment Guarantee Agency) Junaid Kamal Ahmad.

MIGA is an international financial institution that is part of the World Bank and the main goal of MIGA is to encourage private investment in developing countries in order to stimulate economic growth, create jobs and reduce poverty.