IMF: Serbia should continue with reforms

James Roaf, the head of the IMF delegation visiting Serbia, said that it was of crucial importance for Serbia to continue with its reforms especially in the area of public administration which was yet to accomplish expected results – the press release of the Serbian National Assembly reads.

Roaf and other IMF officials met with the Assembly’s Finance, Budget and Public Funds Committee in Belgrade, and during the meeting, they commended the achieved results and the current situation with the Serbian budget.

“The National Bank of Serbia has a stable exchange course, and the economic growth is bigger than expected”, Roaf said and added that Serbia still had a lot to do in order to maintain those positive trends.

“A stronger private sector, and a higher employment rate in the private sector to boost the budget are of key importance,” he added. 

Roaf and the IMF delegation also met with the Serbian President, Aleksandar Vucic who said, at the meeting, that although he was happy with the economic reform course that Serbia was on, he was not satisfied with the development of the private sector.

The public enterprise reform, the effects of public spending supervision, opportunities to reduce income taxes and other high taxation rates, and a possible increase in pensions were also discussed at the meeting. Additionally, the two sides talked about the privatization of the Serbian pharmaceutical giant, Galenika and the state of the Electric Power Industry of Serbia (EPS).

The meeting was also attended by Prime Minister, Ana Brnabic and Finance Minister, Dusan Vujovic.

(Beta, 04.07.2017)




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