Mali: IMF Executive Board has approved first review under arrangement with Serbia

BELGRADE - The IMF Executive Board has decided that a first review under a stand-by arrangement with Serbia was successful, and Serbian Finance Minister Sinisa Mali said on Thursday the decision was another confirmation of the appropriateness of Serbia's economic policy and structural and institutional reforms.

In a statement, the Finance Ministry noted the IMF had said Serbia was conducting an agreed economic programme successfully and that macroeconomic stability had been preserved despite an unstable international economic environment.

"Over the last decade, Serbia has, despite external shocks, achieved impressive economic results reflecting its strong economic policies. Such policies supported strong growth, low inflation, and declining public debt. As a result, incomes rose, employment increased, and poverty declined. Large and diversified FDI inflows more than...