VUJOVIC: We don't need a new arrangement with the IMF

Minister of Finance Dusan Vujovic said that Serbia had received high praise from the IMF and the World Bank for the results made in the macro-fiscal and macro-monetary field and all the other fields as well and that Serbia didn't need a new arrangement with the IMF, but that it couldn't hurt either.

– The assessment of the progress of reforms in Serbia is so good that I'm practically embarrassed to cite it. The IMF has confirmed with its recent studies that the economic growth has stabilized at 3%, with the possibility of increasing even further, as well as that it is expected for it to be 3.5% in 2018, which is a very good sign – Vujovic said for RTS from Washington, where he attended the spring session of the IMF and the World Bank as part of Serbia's delegation.

According to him, the participants confirmed Serbia's increased rating and everybody expects for the trend of the reduction of the share of debt in the GDP to continue on strong foundations.

This, as he said, is a true indication to all investors that now is the time to invest in Serbia and that Serbia has gone past that turning point in implementing the reforms.

He pointed out that the country didn't need a new formal arrangement with IMF from the aspect of the macro-monetary and macro-financial policy, in terms of money an funds, but that “in the context of reforms, it would be good for us to have a program allowing us to plan everything carefully and to realize those plans”.

As for a potential next arrangement with the IMF, Vujovic said that it would be defined in the next months, once Serbia determined what kind of cooperation it needed.

The spring session of the IMF and World Bank in Washington ended yesterday. The Serbian delegation was headed by Vujovic and Governor Jorgovanka Tabakovic.

Ministarstvo finansija Republike Srbije

Međunarodni monetarni fond-MMF Beograd

Svetska Banka-WB Beograd

Narodna banka Srbije Beograd

Ministry of Finance

Dusan Vujovic

International Monetary Fund

IMF

World Bank

economic growth of Serbia

GDP of Serbia

GDP Serbia

spring session of IMF and World Bank

Jorgovanka Tabakovic

NBS

National Bank of Serbia