Jorgovanka Tabaković, Governor of the National Bank of Serbia (NBS), highlighted the importance of preserving macroeconomic and financial stability in Serbia’s economy amidst the current global uncertainties. Speaking in Washington, she stated that the best policy for Serbia in the current global environment is “maintaining stability through good and coordinated policies.”
“Stability has no alternative!” Tabaković stressed during a meeting on the economic prospects for Europe, as reported by Beta.
These meetings, focusing on Central and Eastern European countries, are a regular feature of the spring session and annual assembly of the International Monetary Fund (IMF) and the World Bank.
NBS reports that the meeting acknowledged the current global economic situation as being even more uncertain than in October, with policy responses being discussed to reduce this uncertainty and support economic growth.
For Serbia, a small and open economy, Tabaković emphasized that the best policy remains to “preserve macroeconomic and financial stability with good and coordinated policies.”
She also underscored the critical role of maintaining the exchange rate of the dinar and the growth of foreign exchange reserves.
“By preserving the relative stability of the dinar exchange rate against the euro, along with record foreign exchange reserves, we provide an important anchor of overall macroeconomic stability and certainty, which is always necessary, especially in times of global challenges that are redefining long-term economic perspectives,” Tabaković concluded.
