Serbian President Aleksandar Vucic said today at a meeting with representatives of the International Monetary Fund Mission, led by Jan Keyes Martine, that Serbia is committed to maintaining financial stability and furthering reforms in order to achieve faster economic growth, create new jobs and improve living standards for all citizens.
According to the Office of the President, they discussed macroeconomic developments and reforms in Serbia.
The Head of Mission, Martine, said that Serbia’s economic results were very good, and especially welcomed the successful completion of the privatization process of Commercial Bank.
The interlocutors noted that progress had been made in the cooperation program with the support of the Policy Coordination Instrument (PCI). The meeting also concluded that economic activity recorded a high growth rate for the second consecutive year, as evidenced by the fact that in 2019 an increase of 4.2 percent was achieved, which is higher than the original projection of 3.5 percent. Increased investment activity, increased exports of goods and an increase in personal consumption of households due to higher disposable income have all significantly influenced this GDP growth.
According to the statement, one of the topics of the meeting was the redefinition of existing fiscal rules in order to ensure the preservation of fiscal sustainability. The meeting also discussed the further implementation of tax administration reform, followed by public sector reform, as well as the management of public investment and state-owned enterprises, Danas reports.
