Mali: IMF, WB see Serbia as driver of regional growth

Serbia's economic performance has been good and the International Monetary Fund and the Serbian government are forecasting the country's growth to be 3.5 pct in 2019 and 4 pct in 2020, Serbian Finance Minister Sinisa Mali said at the IMF Mission's closing press conference in Belgrade.

21 Maj 2019 16:48

BELGRADE - Serbia's economic performance has been good and the International Monetary Fund and the Serbian government are forecasting the country's growth to be 3.5 pct in 2019 and 4 pct in 2020, Serbian Finance Minister Sinisa Mali said at the IMF Mission's closing press conference in Belgrade.

"IMF and WB forecasts see Serbia as the driver of growth in the region with an average growth rate of 4 pct until 2023," Mali said.

High growth rates mean higher wages and pensions, more investment in infrastructure and better living standards for all Serbian citizens, he said.

Over the past ten days, discussions were held about challenges to continued strong growth in Serbia, Mali said.

He announced a new set of fiscal rules - also discussed during the IMF Mission's visit - that will systemically determine a fiscal policy framework: the maximum public debt, deficit or surplus depending on the macroeconomic situation, as well as pension indexation.


Photo: Tanjug/D. Kujunzic


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