Republic of Serbia : Staff Report for the 2006 Article IV Consultation and Post–Program Monitoring Discussions

1SCGEA2006006 Image
Price:  $18.00

Release Date: © October, 2006
ISBN : 978-1-45183-364-5
Stock #: 1SCGEA2006006
English
Stock Status: On back-order

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Description

Failed corporate structures lie at the heart of Serbia’s economic difficulties. But the government emphasized instead the need for public investment and labor tax cuts. Capital inflows pose additional challenges. External concerns leave little room to fiscal maneuver. This puts the focus on public expenditure reform. Recent changes in monetary arrangements are appropriate. These steps would best be taken further—toward inflation targeting. However, the envisaged fiscal relaxation calls much of this into question. Serbia has made significant progress in recent years.




More publications in this series: IMF Staff Country Reports