Serbia’s growth is strengthening and labour market indicators are showing noticeable improvement, and we expect real GDP growth of 2.7 pct in 2016 and 3 pct in 2017, IMF Mission head James Roaf said Tuesday.
Inflation remains subdued even as private sector wage growth accelerates, Roaf told an end-of-mission press conference following discussions on the sixth review under Serbia’s precautionary stand-by arrangement (SBA) with the IMF.
The completion of the review will make an additional SDR 54.57 mln (68.53 mln euros) available to Serbia under the SBA, bringing the total funds available to SDR 662.58 mln (832.14 mln euros), Roaf said.
The IMF mission reached staff-level agreement with the authorities on policies needed to complete the sixth review under the SBA, with approval tentatively scheduled for mid-December, he said.
