Pre-Election Optimism and Slow Reforms

Serbian goverment negotiations with MMF (BETAPHOTO/MILOS MISKOV)

Having completed its Second Review under the Policy Coordination Instrument (PCI), the International Monetary Fund (IMF) gave a more generous grade to Serbia’s economy and finance than ever before, projecting the country’s growth at 3.5 percent. The Fiscal Council of Serbia is more skeptical though, warning at “many challenges” along the way. On the other hand, Serbian politicians have been very optimistic about economic growth and new investments, promising an improved standard of living to the Serbian citizens.