On April 6, Serbian Finance Minister Sinisa Mali announced that the International Monetary Fund (IMF) mission has successfully concluded its two-week review of Serbia’s economy and achievements, under the stand-by arrangement the country has with the Fund.
“Both the [country’s] reforms and economic policy have received positive assessments, while Serbia’s economy was judged more resilient to crises than many others,” Mali told the RTS public service.
The minister recalled the country’s favorable economic indicators – as compared to 2012 – and underlined that the public debt is much lower than in numerous other European countries.
Serbia was also commended for its employment rate, which is much higher than in 2012, and for its record-high influx of direct investments.
Mali announced that the development strategy for Elektroprivreda Srbije (EPS) will be finalized by the end of May, and that, while the state-owned power utility was recently incorporated, there are absolutely no plans to privatize the company.