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Republic of Serbia Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia. [electronic resource] : - Washington, D.C. : International Monetary Fund, 2015. - 1 online resource (74 p.) - IMF Staff Country Reports . - IMF Staff Country Reports .

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.

ISBN: 1513597523 : 18.00 USD

ISSN: 1934-7685

Standard No.: 10.5089/9781513597522.002 doi

Subjects--Topical Terms:
Letters of Intent
Monetary Policy
Performance Criteria Modifications
Staff Reports
Stand-By Arrangement Reviews

Subjects--Geographic Terms:
Serbia