Vucic meets with IMF representatives: "We are considering new measures because of prices and inflation"

Photo: Tanjug/Instagram/buducnostsrbijeav

Serbian President Aleksandar Vucic has met with representatives of an International Monetary Fund (IMF) delegation, led by Head of Mission Jan Kees Martijn, to discuss current macroeconomic expectations and developments in the regional and international environment, as well as the results of the second revision of Serbia's ongoing advisory arrangement with the IMF, the president's office has announced.

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Vucic stressed that the main goal of Serbia remains to preserve its macroeconomic stability, since Serbia has gained a reputation as a fiscally stable state through its long-term responsible monetary and fiscal policy.

"Serbia will try to keep the public debt rate below 60 percent of the GDP in order to continue the tendency of economic growth despite current trends," Vucic said, adding that additional efforts would be made to meet Serbia's projected growth rate.

According to the IMF, they welcomed the fact that Serbia has met all the reform goals agreed upon, saying that Serbia has a good crisis management system, which will certainly be included in the forecasts for Serbia in the context of the crisis caused by current developments.

"After the crisis caused by the Covid-19 pandemic, Serbia is ready to face the current challenges in terms of maintaining the dinar exchange rate without major fluctuations, with large foreign exchange reserves that the state has responsibly taken care of during previous years," Vucic said and added that additional fiscal and trade policy measures to mitigate price increases and keep inflation rates under control are being considered.

(Telegraf Biznis)