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Republic of Serbia: Staff Report for the 2006 Article IV Consultation and Post–Program Monitoring Discussions
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 384
Language:
English
Publication Date:
27 Oct 2006
DOI:
https://doi.org/10.5089/9781451833645.002
ISBN:
9781451833645
ISSN:
1934-7685
Pages:
76
Keywords:
ISCR; CR; GDP; current account; disinflation; deficit; inflation expectation; banking privatization; fund staff projection; privatization agency; Inflation; Current account balance; Fiscal stance; Global
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Failed corporate structures lie at the heart of Serbia’s economic difficulties. But the government emphasized instead the need for public investment and labor tax cuts. Capital inflows pose additional challenges. External concerns leave little room to fiscal maneuver. This puts the focus on public expenditure reform. Recent changes in monetary arrangements are appropriate. These steps would best be taken further—toward inflation targeting. However, the envisaged fiscal relaxation calls much of this into question. Serbia has made significant progress in recent years.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund