Serbia and Montenegro: Second Review Under the Extended Arrangement and Requests for Waiver and Modification of Performance Criteria, and for Extension of Repurchase Expectations

September 11, 2003

Preview Citation

Format: Chicago

Serbia and Montenegro: Second Review Under the Extended Arrangement and Requests for Waiver and Modification of Performance Criteria, and for Extension of Repurchase Expectations, (USA: International Monetary Fund, 2003) accessed November 29, 2024

Summary

Economic performance in 2002 was generally favorable with good policy implementation, but considerable risks remain. Structural reforms have fallen behind program expectations, but the delays are being addressed. The discussions highlighted the need for prudent policies and strengthening of structural reforms. The structural reforms will focus on tax administration and expenditure management, banking supervision and resolution, and privatization. Monetary and exchange rate policies in Serbia should continue to balance the inflation and external objectives. Serbia and Montenegro's performance under the Extended Arrangement has remained good.

Subject: Bank deposits, Banking, Commercial banks, Currencies, External debt, Financial institutions, Monetary base, Money, Revenue administration

Keywords: Authorities of Serbia and Montenegro, Authority, Commercial banks, CR, Creditor support, Currencies, Indirect tax regime, ISCR, Monetary base, NBS purchase, NBS-Finance Ministry Committee, SDR, Union state

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/296
Stock No:

1SCGEA0012003
ISBN:

9781451833515
ISSN:

1934-7685

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