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IMF mission to visit Serbia on Oct 20 – Nov 1 - Serbia Business

IMF mission to visit Serbia on Oct 20 – Nov 1

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An International Monetary Fund (IMF) mission led by James Roaf will visit Belgrade during October 20 – November 1, 2016, to hold discussions on the sixth review under a precautionary stand-by arrangement with Serbia, IMF Resident Representative for Serbia Sebastian Sosa announced Wednesday.

“The mission will review fiscal performance and conclude discussions on the 2017 budget; follow up on progress in the financial sector reform agenda; evaluate progress in key structural reforms; and discuss new structural conditionality for 2017,” a statement released by the IMF Office in Belgrade quoted Sosa as saying.

In February 2015, the IMF concluded a three-year precautionary stand-by arrangement with Serbia worth 1.2 bln euros.

According to an IMF forecast, Serbia’s GDP growth will be 2.5 pct and 2.75 pct in 2016 and 2017, respectively.