The Governor of the National Bank of Serbia (NBS), Jorgovanka Tabakovic, said on TV Prva that the stability we have is the result of cooperation between the NBS and the executive power. She also commented on the recent online meetings with the IMF.
“There is no difference between online meetings and live ones, we are already used to it. Since these are people with whom we already have established relations and know them, I am talking about investors, so that was not a problem,” said Tabakovic.
When it comes to the meeting with the DFC, she said that it was held face to face.
“I came out of that meeting very satisfied. They approached with respect for the results achieved by the NBS. They told us that they expect us to continue to do what we did, which is to maintain stability and attract investors. I told them that the story of small and medium enterprises is very important, but that it is a consequence of investing in large projects,” she said.
Tabakovic emphasized that Serbia received praise for financial stability.
She added that it is necessary for the one who produces to make a profit. If there is no investment in factories and production, there are no taxes from which the state can improve people’s lives, there is no arrival of new investors, she says.
“DFC is one of the development banks coming to Serbia. What impressed me was the performance of American guests who came to ask under what conditions investors like them work and whether they can expect the same conditions. I liked that from a great America comes such a bank that acts with a position of respect and with the expectation that they will not get anything more than the others. They will finance projects through existing banks, as well as previous such institutions,” said the governor.
She emphasized that when Serbia has a budget deficit, it has it because it invests in infrastructure.
“The citizen must find out and be ready to accept where what he has comes from and how much it costs today, and how much it will cost in the future.”
She also commented on the issuance of corporate bonds.
“Minorities don’t mind issuing corporate bonds, but they don’t care what Telecom is, and I’m very proud that it’s Telecom. It should be a guide for private companies as well,” she said.
The governor also commented on the moratoriums offered by the NBS to citizens in previous months.
“The first moratorium was accepted by 90 percent, and the second by 80 percent of citizens. The problem with the payment of obligations is not such that it requires a solution. In that period of the moratorium, banks charged interest normally. Everyone who works is wrong. Anyone who had a regular income could contact the bank and continue with the repayment of obligations,” Tabakovic said.
The governor said that we also have 32 tons of gold.
“It provides security to economic policy makers. It is the safest asset since civilization exists,” she said.
She added that as of today, the inflow of foreign direct investments is 1.8 billion, B92 reports.
