IMF: Serbian economy is growing, but must grow faster

SOURCEB92, RTS

The Serbian economy is growing, but must grow faster, IMF mission to Serbia head James Roaf said ahead of a meeting with Serbian officials in Belgrade Monday.

“We are working on accelerating that growth, and on making it beneficial to the citizens,” Roaf said, according to Tanjug, which quoted RTS.

Beta is reporting that the IMF official said an increase in public sector salaries and pensions was not on the agenda now and that it would be discussed during the mission’s next visit, when the 2018 budget would be discussed.

Speaking at the National Bank of Serbia, Roaf also said that details of the talks with Serbian officials would be announced at a news conference at the end of the mission’s visit.

The IMF mission, headed by Roaf, is staying in Belgrade from June 22 to July 5, under a seventh revision of the ongoing stand-by arrangement. During the visit, consultations will be conducted on Article IV of the IMF Statute.

Under the seventh revision of the ongoing stand-by arrangement, the mission will review the implementation of the agreed obligations under the agreed economic program, fiscal policy results, and economic policy measures to be implemented in the coming period. Special attention will be paid to the implementation of overall structural reforms, which should contribute to job creation and achieving high economic growth.

The previous revision was approved in December 2016.

B92

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