The National Bank of Serbia (NBS) has taken all measures to ensure that Serbia is ready to face the crisis caused by the pandemic and preserve the trust that is necessary for the normal functioning of the domestic economy, said NBS Governor Jorgovanka Tabakovic.
She participated in the meeting of the Club of Central Bank Governors of Central Asia, the Black Sea region and the Balkans via video conference and assessed that, measured by the scope and speed of reaction, Serbia was among the countries that gave the greatest support to their citizens and economy during the pandemic.
“We have preserved the economy and stability,” Tabakovic said, recalling the monetary measures taken by the Central Bank to support the company’s liquidity and lending activity.
The meeting assessed that the combination of macro-financial measures implemented by the governments and Central Banks was crucial in response to the earthquake in the initial phase of the pandemic, but uncertainties remain regarding the further spread of the pandemic, the NBS said in a statement.
It was concluded, as pointed out, that Central Banks have greatly contributed to the preservation of economies in the context of the coronavirus pandemic, with greater reactions could provide central banks in countries that were successful in building a strong banking sector before the crisis, as well as countries in which the central bank was successful in maintaining monetary stability before the crisis.
In addition to the governors of the central banks of Central Asia, the Black Sea region and the Balkans, the meeting was attended by representatives of the Bank for International Settlements (BIS), the International Monetary Fund and the World Economic Forum, BizLife reports.
