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The Government of the Republic of Serbia

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IMF praises work on strategic, regulatory framework in energy

Belgrade, 30 May 2025

Minister of Mining and Energy Dubravka Đedović Handanović spoke today with representatives of the International Monetary Fund (IMF) Mission, led by the new Head of the Mission for Serbia, Annette Kyobe, about the implementation of reforms and priority investments in the energy sector.

Đedović Handanović pointed out that important steps have been taken in the past two years to improve the institutional and regulatory framework, primarily by adopting amendments to the Energy Law, the Law on the Use of Renewable Energy Sources (RES) and numerous by-laws based on these laws.

She pointed out that ambitious goals were also set in the Reform Agenda, which were already met in the electricity sector by the end of last year, and progress was also made in the gas sector.

She said that the Energy Community has marked Serbia as a leader in reforms in the electricity sector and RES, and we have made the most progress in the region in terms of readiness to connect the electricity market with the EU market.

Đedović Handanović emphasised that the adopted Integrated National Energy and Climate Plan, as well as the new Energy Development Strategy, have rounded up the strategic framework for the development of the energy sector and established the direction and goals in the energy transition until 2050.

She explained that this will involve significant investments in the hydro and renewable energy sectors and the gradual decarbonisation of the energy sector, but with the provision of new baseload capacities, noting that the possibility of using nuclear energy after 2040 is also being considered within this framework.

Kyobe praised the exceptional work in the previous period on establishing a strategic and regulatory framework in the energy sector, and added that the energy sector is an important component in the consideration of Serbia's current programme with the IMF.

Photos: Nenad Kostić