Mali: IMF praised resilience of our economy, much work still ahead

BELGRADE - An International Monetary Fund (IMF) mission completed on Wednesday the first review under the current 24-month stand-by arrangement with Serbia, in place since December 2022, the Serbian Finance Ministry said on Wednesday.

In a statement, it said all objectives to date had been accomplished and that the IMF Board of Governors was due to approve the first review in June.

After two weeks of discussions with IMF representatives led by new mission head Donal McGettigan, Finance Minister Sinisa Mali said the IMF was pleased with the progress of the programme and the state of the Serbian economy, which he noted had showed resilience in challenging times.

"Praise from the IMF as one of the world's most significant financial institutions lends credibility to our economic policy and demonstrates that we are on the right track. The IMF representatives...