IMF Delegation Insists on Stricter Monetary and Fiscal Policies   | Beta Briefing

IMF Delegation Insists on Stricter Monetary and Fiscal Policies  

Source: Beta
Archive / News | 01.11.22 | access_time 16:44


In a meeting with Serbian President Aleksandar Vucic in Belgrade on Nov. 1, a delegation of the International Monetary Fund (IMF) insisted on stricter monetary and fiscal policies and proposed adequate measures accordingly, it is said in a release from Vucic’s Office.  

The IMF delegation proposed the measures taking into account a good GDP growth of 4.1 percent reported in the first half of the year and the projection that the real growth could slow down to three percent by the end of 2022 due to the ongoing crisis in Ukraine.  
Vucic said that since the beginning of fiscal consolidation in 2014, Serbia had always endorsed IMF recommendations and had maintained an active arrangement with the Fund. Vucic stressed that Serbia’s basic goal was to develop an investment plan for the energy sector through projects such as new gas interconnectors, which would improve energy security and stabilize electric power generation.

He added that the investment plan would be presented in an updated Energy Sector Development Strategy of the Republic of Serbia, which would incorporate projections until 2050. Speaking about reforms of state and public companies, Vucic said that a new draft law was being prepared, which would regulate the status of public companies in Serbia, according to the release.  

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