Download or read book Overview for the Republic of Serbia written by and published by . This book was released on 2006 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2022-06-29 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy has navigated the COVID-19 pandemic well. In 2021, real GDP growth strongly rebounded by 7.4 percent, supporting a narrower fiscal deficit of 4.1 percent of GDP and a decline in the public debt ratio, and consistent with a return to pre-pandemic medium-term trend growth.
Download or read book Republic of Serbia First Review Under the Policy Coordination Instrument Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-21 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economic recovery is underway on the heels of the authorities’ large and timely policy response. By 1Q2021, GDP exceeded its pre-crisis level and growth in 2021 is expected to reach 6.5 percent, supporting a smaller-than-expected fiscal deficit. Headline inflation increased above the 4.5 percent upper limit of the target band in September and October. Regulated energy prices for consumers are not expected to change until next spring, but electricity prices for corporates are set to increase. A new pandemic wave that started in late-July persists though activity seems to have decoupled from infections. With a gradual normalization of demand and supply conditions, growth is projected to reach 4.5 percent in 2022. Inflation is expected to revert to the lower half of the inflation tolerance band in 2H2022 as the effects from this year’s drought wane and energy prices stabilize.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-12-19 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the Republic of Serbia’s Third Review Under the Policy Coordination Instrument (PCI). Serbia is the second IMF member country to request a PCI and aims to maintain macroeconomic and financial stability, while advancing an ambitious reform agenda to foster rapid growth, job creation and improved living standards. All quantitative targets (QTs) for end-September 2019 were met. Most reform targets (RTs) have been implemented. The IMF Staff recommends completion of the third review under the Policy Coordination Instrument and establishment of end-September 2020 QTs. Fiscal policy is on track so far, however, it will be important to closely monitor 2019 budget implementation to ensure that the deficit stays within the program ceiling. While progress has been made in reforming the tax administration and strengthening public investment management frameworks, delayed reforms of the public wage system and public employment framework need to advance in 2020.
Download or read book Republic of Serbia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-01-07 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-12-21 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Serbia’s Eighth Review Under the Stand-By Arrangement. Notwithstanding some temporary supply shocks, economic activity remains robust, supported by recovery of private consumption and strong foreign direct investment. Significant fiscal over-performance has continued and efforts to address structural weaknesses have been accelerated. This, along with a healthy credit recovery on the back of substantial monetary policy easing, has helped support growth, while low inflation has reinforced recovery in real incomes. Continuing broader structural reforms are needed to improve the business climate and support Serbia’s medium-term growth.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-12-18 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Serbia’s Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria (PCs). The program is delivering good results. Significant fiscal tightening and efforts to address structural weaknesses and improve the business climate have helped restore growth and boost confidence and foreign direct investment. All end-September PCs were met with significant margins. However, there was a minor deviation in the indicative criterion on domestic arrears, and implementation of structural benchmarks has faced delays. Modifications of the end-December fiscal performance criteria are proposed to allow recognition of past liabilities.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by . This book was released on 2020-08-28 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent economic developments. Notwithstanding a sizeable policy response, the COVID-19 pandemic is having a significant adverse impact on Serbia's economic activity, with output in 2020 projected to contract by 3 percent, compared to a 4 percent increase expected prior to the COVID-19 shock. The shock is affecting the economy through lower external demand, weaker foreign direct investment and remittances, disruptions in regional and global supply chains, and domestic supply constraints. The government took strong actions to contain the pandemic at an early stage, but the number of infections accelerated again towards end-June. As a result, some containment measures have been re-introduced.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-12-21 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Serbia’s Sixth Review Under the Stand-by Arrangement and Modification of the Arrangement Review Schedule. The program remains on track, and the economy continues to strengthen. Significant fiscal overperformance and renewed efforts to address structural weaknesses have helped boost confidence. This, along with a healthy credit recovery on the back of substantial monetary policy easing, has helped restore robust growth, while persistently low inflation has reinforced recovery in real incomes. Public debt has started to decline. The IMF staff supports the authorities’ request for the completion of the sixth review under the Stand-by Arrangement and a shift to semiannual review.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-06-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Serbia’s First Review Under the Stand-By Arrangement. The program is broadly on track. All end-March 2015 performance criteria and indicative targets were met with comfortable margins. All end-March structural benchmarks were implemented, although with a delay, and all prior actions were met. The economy has stabilized, on the back of lower oil prices and stronger than expected trading partner growth. Inflationary pressures remain subdued. The external position has strengthened. Despite monetary easing, credit growth remains sluggish, and nonperforming loans continue to pose a challenge. Risks to the program come from possible spillovers from regional developments and increase in market volatility, as well as delayed implementation of structural reforms.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-10-27 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Serbia’s Second Review Under the Stand-by Arrangement (SBA) and Request for Waivers of Applicability of Performance Criteria (PCs). The economy of Serbia is gradually recovering from the 2014 recession, supported by strong export performance coupled with a smaller-than-expected fall in consumption. Inflation has remained below the National Bank of Serbia tolerance band due mainly to low imported inflation. All end-June PCs and indicative targets were met with significant margins. The IMF staff supports the authorities’ request for the completion of the Second Review under the SBA, given the program performance so far and the policy commitments going forward.
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-06-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Serbia’s First Review Under the Stand-By Arrangement. The program is broadly on track. All end-March 2015 performance criteria and indicative targets were met with comfortable margins. All end-March structural benchmarks were implemented, although with a delay, and all prior actions were met. The economy has stabilized, on the back of lower oil prices and stronger than expected trading partner growth. Inflationary pressures remain subdued. The external position has strengthened. Despite monetary easing, credit growth remains sluggish, and nonperforming loans continue to pose a challenge. Risks to the program come from possible spillovers from regional developments and increase in market volatility, as well as delayed implementation of structural reforms.
Download or read book Republic of Serbia written by INTERNATIONAL MONETARY FUND and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Serbia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2022-12-20 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the Covid pandemic, Serbia embarked on a well-paced consolidation path to rebuild buffers, supported by a program under the Policy Coordination Instrument (PCI). Given higher energy prices and domestic electricity production problems, high global inflation, weaker trading partner growth, and spillovers from Russia’s war in Ukraine, the authorities have requested financial support under a two-year Stand-by Arrangement (SBA) of SDR 1,898.92 million (290 percent of quota, about EUR 2.4 billion). The SBA supports economic and financial policies to address external and fiscal financing needs, maintain macroeconomic and financial stability, and continue to strengthen the economy’s performance and resilience through structural reforms. The PCI was cancelled upon approval of the SBA.
Download or read book Republic of Serbia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-05-21 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents key findings of the First Review under the Stand-by Arrangement (SBA) for the Republic of Serbia. The banking system of Serbia has weathered the external shocks well, but credit is slowing sharply. To safeguard economic stability in this markedly deteriorated environment, the authorities have revised their strategy. IMF staff supports the authorities’ request for an augmentation and extension of the SBA, a rephasing of purchases, and completion of the first program review and the financing assurances review.
Download or read book Republic of Serbia written by Jeffrey Fischer and published by Ifes. This book was released on 1997-04-01 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of the Legislative Process in the Republic of Serbia and Proposals for its Improvement written by Igor Gvozdić and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
