International Monetary Fund

Bulgaria is threatened with bankruptcy. There is a serious problem in maintaining fiscal stability.

BELGRADE - Serbian Finance Minister Sinisa Mali said on Wednesday a US banking crisis would have no indirect or direct impact on Serbian banks or the financial and the business sectors.

The International Monetary Fund (IMF) said on March 13 it has reached an agreement with the government of Argentina on the fourth review of the aid package for the South American country, paving the way for the disbursement of some $5.3 billion.

BELGRADE - Increasing by 282.9 mln euros from a month earlier, National Bank of Serbia (NBS) gross FX reserves reached 21,196.2 mln euros at end-February, their highest end-of-month level since records began in 2000.

Finance Minister Christos Staikouras will be attending the Europgroup and Ecofin meetings in Brussels on Monday and Tuesday, respectively.

MT KOPAONIK - Serbian Finance Minister Sinisa Mali said on Wednesday a reform of Serbia's energy sector and the national power company EPS would begin immediately.

The economy of Bulgaria has grown by 3.4% in 2022. This is shown by the preliminary data of the National Statistical Institute (NSI). The expectations of the European Commission and the IMF were for a growth of 3.9%, but the statistics are subject to correction over time.

DUBAI- Serbian PM Ana Brnabic said on Monday Serbia had signed a 2.4 bln euro stand-by arrangement with the IMF that would in part be used for the energy sector and, in part, for stability.

The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine.

Demostat states, referring to its diplomatic sources, that the perspective of Serbia's membership in the EU, investments in the energy sector, meaning being independent from Russia in that area, the arrival of US and European companies, are part of what Serbia could expect if it agrees to the Western proposal.