Macroeconomic situation in Serbia "difficult"

Macroeconomic situation in Serbia "difficult"

Udovički said that after the snap parliamentary elections, scheduled for March 16, Serbia will have to take very decisive action in three directions.

The first is to go on to reduce the budget deficit and offer assurances to foreign partners that Serbia is a secure business environment.

"It is vital to start solving problems caused by illiquidity stemming from huge amount of mutual debts on the domestic market," Udovički said about the second direction the measures need to take.

The third direction is to improve the policy environment for the private sector, said Udovički.

The IMF Mission to Serbia has told Tanjug that the IMF delegation is coming to Serbia tomorrow, and as previously announced, the talks will focus on the situation in public finances and possibly on a new precautionary arrangement between Serbia and the IMF.

The IMF Mission said that the delegation, led by Zuzana Murgasova, will be in Serbia until March 13, but could add any details about topics of discussion with Serbia's officials.