Mali: Board of Directors of IMF confirms third review of stand-by arrangement with Serbia

The Board of Executive Directors of the International Monetary Fund (IMF) has reached, in Washington, the decision on the successful completion of the third review of the stand-by arrangement with Serbia, and the minister of finance of Serbia, Sinisa Mali, emphasized that it was another confirmation that the economy of Serbia was strong and stable and that the reforms it was implementing were correct. As he said, the correctness of the country’s economic policy is continuously confirmed by renowned international financial institutions, such as the IMF.

Mali said that, in the first quarter of 2024, Serbia had been the fastest growing economy in Europe with a growth of 4.7% of GDP.

– All our macroeconomic indicators are good. In addition to growing the fastest in Europe, our public debt is fully under control, far below the Maastricht level, the unemployment rate is at a record low level of 9.4 percent in the first quarter of this year, while employment is at a record high and stands at 50.9 percent. Also, foreign direct investment is at a record high level – said minister Mali.

Međunarodni monetarni fond-MMF Beograd

Ministarstvo finansija Republike Srbije

International Monetary Fund

IMF

Ministry of Finance of Serbia

Siniša Mali