IMF, WB praise Serbia, governor says

Serbia's banking system has received praise from the World Bank and the IFM, National Bank of Serbia (NBS) Governor Radovan Jelasic stated. This, he explained, came due to the country's restrictive monetary policy. IMF, WB praise Serbia, governor says As far as liquidity and solvency go, our country is best placed in the region, Jelasic said yesterday in Washington, where he is attending the annual IMF and WB assembly. Serbia will continue with the same policy, "but that doesn't mean challenges will not arise", the central bank chief warned. "One thing is certain, and that is that in the future, all countries, Serbia included, will need to rely on domestic savings as the main source of crediting," he said. Speaking for the state television RTS, Jelasic said that the world economy is facing a historic challenge, and that many measure have been taken in order to make money cheaper and halt the recession. "We won't have to wait for that for a long time, it's a question of days now," the governor was optimistic. Just like Serbia, Jelasic added, many other countries have asked to make financial arrangements with the IMF. Radovan Jelasic (FoNet, archive)

IMF, WB praise Serbia, governor says

As far as liquidity and solvency go, our country is best placed in the region, Jelašić said yesterday in Washington, where he is attending the annual IMF and WB assembly.

Serbia will continue with the same policy, "but that doesn't mean challenges will not arise", the central bank chief warned.

"One thing is certain, and that is that in the future, all countries, Serbia included, will need to rely on domestic savings as the main source of crediting," he said.

Speaking for the state television RTS, Jelašić said that the world economy is facing a historic challenge, and that many measure have been taken in order to make money cheaper and halt the recession.

"We won't have to wait for that for a long time, it's a question of days now," the governor was optimistic.

Just like Serbia, Jelašić added, many other countries have asked to make financial arrangements with the IMF.