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Republic of Serbia.

Author: International Monetary Fund European Dept
Publisher: Washington : International Monetary Fund, 2015.
Series: IMF Staff Country Reports.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
KEY ISSUES Recent economic developments. The economy is slowly emerging from the 2014 recession, benefiting from low oil prices and the euro area recovery, which have helped to contain the short-term effects of fiscal consolidation. However, growth is only expected to return in 2016. Inflationary pressures remained subdued on account of low import prices and widening output gap. Program status. The new 36-month  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Dept., International Monetary Fund. European.
Republic of Serbia: First Review Under the Stand-By Arrangement-Press Release and Staff Report.
Washington : International Monetary Fund, ©2015
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund European Dept
ISBN: 9781513572628 1513572628
OCLC Number: 916950434
Description: 1 online resource (66 pages).
Contents: Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; BOXES; 1. Impact of the Oil Price Decline on the Serbian Economy; OUTLOOK AND RISKS; PROGRAM POLICY DISCUSSIONS; A. Fiscal Policy: Staying on Course towards Public Debt Sustainability; B. Monetary and Financial Sector Policies: Rebalancing the Policy Mix; C. Structural Reforms: Stepping Up Efforts; 2. Electricity Tariffs in Serbia; PROGRAM MODALITIES; STAFF APPRAISAL; FIGURES; 1. Real Sector Developments, 2010-15; 2. Inflation and Monetary Policy, 2012-15; 3. Recent Financial and Exchange Rate Developments, 2013-15. 4. Balance of Payments and NIR, 2012-155. Fiscal Developments, 2012-15; TABLES; 1. Selected Economic and Social Indicators, 2011-16; 2. Medium-Term Framework, 2012-20; 3. Growth Composition, 2012-20; 4a. Balance of Payments, 2012-20 (In billions of euros); 4b. Balance of Payments, 2012-20 (Percent of GDP); 5. External Financing Requirements, 2012-20; 6a. General Government Fiscal Operations, 2012-20 (In billions of RSD); 6b. General Government Fiscal Operations, 2012-20 (Percent of GDP); 7a. Monetary Survey, 2012-20; 7b. NBS Balance Sheet, 2012-20. 8. Banking Sector Financial Soundness Indicators, 2011-159. Proposed Schedule of Purchases under the Stand-By Arrangement; 10. Balance of Payments (Precautionary SBA Shock Scenario), 2012-20; 11. Indicators of Capacity to Repay the Fund, 2013-20; APPENDICES; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding.
Series Title: IMF Staff Country Reports.

Abstract:

KEY ISSUES Recent economic developments. The economy is slowly emerging from the 2014 recession, benefiting from low oil prices and the euro area recovery, which have helped to contain the short-term effects of fiscal consolidation. However, growth is only expected to return in 2016. Inflationary pressures remained subdued on account of low import prices and widening output gap. Program status. The new 36-month Stand-By Arrangement (SBA) with access of SDR 935.4 million (200 percent of quota, or about €1.2 billion) approved on February 23, 2015 is broadly on track. All end-March performance cr.

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