"Serbia's growth strengthening, 2.7 pct growth expected"
Serbia's growth is strengthening and labor market indicators are showing noticeable improvement, IMF Mission head James Roaf said on Tuesday.
Tuesday, 01.11.2016.
16:03
"Serbia's growth strengthening, 2.7 pct growth expected"
Inflation remains subdued even as private sector wage growth accelerates, Roaf told an end-of-mission press conference following discussions on the sixth review under Serbia’s precautionary stand-by arrangement (SBA) with the IMF.The completion of the review will make an additional SDR 54.57 mln (68.53 mln euros) available to Serbia under the SBA, bringing the total funds available to SDR 662.58 mln (832.14 mln euros), Roaf said.
The IMF mission reached staff-level agreement with the authorities on policies needed to complete the sixth review under the SBA, with approval tentatively scheduled for mid-December, he said.
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