The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This Joint Staff Advisory Note discusses the Poverty Reduction Strategy Progress (PRSP) Reports for Serbia and Montenegro. Although the strong economic growth in recent years in Serbia has improved average living standards, the reports note that its impact on poverty reduction remains inconclusive. The increases in real wages and pensions have boosted household incomes and consumption, according to the national accounts statistics. There are growing regional disparities, with Belgrade increasing its advantage over the rest of the country.