IMF praises Serbia for attracting foreign investments

They discussed the implementation and effects of the current advisory program that Serbia has with this financial organization, the government announced.

The officials discussed the main points of the current program - the reform of the Tax Administration, the salary reform, the continuation of the reform of public enterprises, the adoption of fiscal rules that include the formula for indexing pensions and the continuation of the implementation of structural reforms.
The prime minister informed the head of the IMF mission that the GDP growth projection for this year remains 3.5%, and specified that the biggest growth in the first months of this year is the construction sector, which is even more than 13% in relation to the same period last year.
Brnabic stressed that the value of the new investment cycle for infrastructure projects in Serbia will be more than EUR 8 billion.
Martijn praised excellent results on foreign direct investment, which in the first four months amounted to EUR 1.2 billion, a better result than last year.
He pointed out that it is necessary to create more fiscal space for greater investment of the domestic economic sector, which would significantly increase GDP growth and strengthen the private sector.
The officials concluded that it is necessary to work more on preventing the outflow of professional staff from Serbia, which, according to the head of the IMF Mission, is a common problem for all countries in the region.
Brnabic announced that, as part of the strategy of returning our people living and working abroad, the Agency for Circular Migration will be established, which should provide them with all the necessary support on this issue.
The Serbian government is intensively working to...

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