Photo: Beta/Milos Miskov
Official talks between representatives of Serbia and the International Monetary Fund’s (IMF) mission regarding the third review of the Fund’s Stand-By Arrangement with Serbia opened on March 14, with a plenary meeting at the National Bank of Serbia.
The Serbian delegation was headed by Jorgovanka Tabakovic, the governor of the National Bank and Serbia’s governor at the IMF. Deputy Prime Minister and Minister of Finance Sinisa Mali and his associates also took part in the discussion.
Led by Donald McGettigan, the IMF’s Mission will stay in Belgrade until March 26 and will be examining the latest macroeconomic trends, economic prospects and risks, as well as key issues in the realization of the economic plan agreed upon with Serbia in December 2022, when the Arrangement was first approved.
In support of said economic plan, the IMF approved EUR2.4 billion.
Following its successful second review, the Arrangement with Serbia became precautionary. In other words, the funds provided were to be used only in the event of the country having balance of payments problems. This step occurred one review sooner than was anticipated at the signing of the Arrangement.
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