IMF delegation ends visit to Serbia

Izvor: N1 televizija, 04.Okt.2018, 13:30   (ažurirano 02.Apr.2020.)

IMF delegation ends visit to Serbia

The International Monetary Fund delegation ended its visit to Belgrade saying that Serbia is expected to see a GDP growth of 4.2 percent this year and 3.5 percent in 2019 but warned that structural reforms need to be implemented faster.

“The full implementation of the program of structural reforms will have an added positive effect on growth potential,” delegation chief James Roaf said in a statement.

It said that overall inflation rose to 2.6 percent in August and >> Pročitaj celu vest na sajtu N1 televizija << that macro-economic results are good. Conditions on the labour market are improving with a significant rise in employment in the formal sector, a drop in unemployment and stable growth of salaries in the private sector.

The public debt should drop to below the level of 55 percent of the GDP by the end of the year and the yields on state bonds have stabilized at levels which are close to historic minimums. Financial sector indicators are also improving and non-performing loans in the banking sector are dropping, Roaf said.

The statement said that the IMF executive board will review the delegation’s report on Serbia in mid-December.

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