Republic of Serbia: Seventh Review and Inflation Consultation Under the Stand-By Arrangement

April 22, 2011

Preview Citation

Format: Chicago

Republic of Serbia: Seventh Review and Inflation Consultation Under the Stand-By Arrangement, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking ahead, the transition to a more sustainable growth model remains incomplete and fragile. The export-led recovery is expected to continue picking up steam, but labor market conditions will remain difficult. The current account deficit is expected to remain relatively high, requiring significant capital inflows to maintain external balance.

Subject: Banking, Economic sectors, External debt, Financial institutions, Foreign banks, Foreign exchange, Inflation, Prices, Public sector

Keywords: CR, EU candidate status, EU integration, Foreign banks, Global, Inflation, Inflation consultation clause, Inflation expectation, ISCR, Public sector, SDR, Serbia, Staff appraisal, Status

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/095
Stock No:

1SRBEA2011002
ISBN:

9781455249244
ISSN:

1934-7685

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