Mali: Serbia example of responsible fiscal, monetary policy

BELGRADE - Serbian Finance Minister Sinisa Mali said on Wednesday Serbia was an example of a responsible fiscal and monetary policy, as also testified by praise from the IMF.

The fact the IMF has decided to sign another agreement with us is another proof of that, Mali told the RTS.

Recalling that IMF Managing Director Kristalina Georgieva had told the World Economic Forum in Davos that interest rate and price growth would have a devastating effect on developing countries over the long term, Mali noted that "we must be careful and responsible about every dinar we spend from the budget and we must maintain the stability of our public finances."

"Before our eurobond issue, I spoke with over 100 investors and, for them, the most important thing is whether someone is stable, how much money is there in their account, what their debt-to-GDP ratio is and how high...