Mali: Investment rating for Serbia next year

The minister of finance of Serbia, Sinisa Mali, talked yesterday in Washington D.C, within the three-day participation in the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group with representatives of the member-countries of the IMF Constituency and the World Bank and said that the Serbian economy grew despite the challenges and that it expected an investment rating the next year. After talking to representatives of the Constituency, Mali said that he had presented the economic results of Serbia from the previous year and the plans for the coming period, the ministry announced.

Serbia is a member of the Constituency and realizes its voting right in the IMF and the World Bank through it since December 2000.

Minister Mali pointed to the importance of the meeting with the representatives of the rating agency Standard and Poor’s, one of the three biggest credit rating agencies in the world.

– According to their report from just two weeks ago, Serbia is only one small step away from an investment rating. We want to make that small step too and to joint the group of countries with the healthiest and most developed economies of the world – said Mali.

The minister said that one of the most important goals of his visit to Washington D.C. was to see what the steps were toward getting an investment rating in the shortest amount of time possible.

He hopes that it will happen next year at the latest.

– Our shares, our bonds, are traded, and considering all this information, that our rating is close to being an investment rating, we want to make that small step, which is however very important for us – said Mali.

Ministarstvo finansija Republike Srbije

Međunarodni monetarni fond-MMF Beograd

Svetska Banka-WB Beograd

Ministry of Finance of Serbia

IMF

World Bank

Moodys

Standard and Poors

Siniša Mali

investment rating

GDP

share of public debt in GDP