The second revision of the arrangement with the IMF has been successfully completed

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The mission of the International Monetary Fund (IMF), led by Jan Kes Martejn, ended the second revision of Serbia’s arrangement with that international financial institution with today’s conversation with the Minister of Finance of Serbia, Siniša Mali.

It was assessed at the meeting that Serbia has coped well with the crisis caused by the covid-19 virus pandemic, and that it is now important to maintain macroeconomic and fiscal stability, especially in conditions of great uncertainty caused by global events, the Ministry of Finance said.

Mali said that a large number of goals from the arrangement with the IMF have been fulfilled and that it is important to continue with structural reforms, especially in the field of public companies.

According to him, the most important are the reforms of companies from the energy sector, in order to be ready for the next winter, as well as efficient management in those companies.

He said that the reform of the Tax Administration will be continued, in which the project of new e-fiscalization is extremely important, which means that from May 1, all taxpayers will have new fiscal devices, as well as the project of e-invoices, which will be mandatory from 1 May 2022.

It was assessed at the meeting that it is good that the inflow of foreign direct investments has continued, and especially that talks with large investors are currently underway, which is an excellent indicator of the state of the domestic economy, the statement said.

In June last year, Serbia signed a new advisory arrangement with the IMF, The Policy Coordination Instrument (PCI), which will last until the end of 2023.

The arrangement is advisory in nature, meaning it does not involve financial support, with the aim of helping to further implement structural reforms and maintain macroeconomic and financial stability, Danas reports.