Serbia wants investment-grade rating, Mali tells Bloomberg

Serbian Finance Minister Sinisa Mali has a clear goal: to pull his EU-aspiring economy into investment-grade territory, Bloomberg said Friday.

11 Jan 2019 16:57

BELGRADE - Serbian Finance Minister Sinisa Mali has a clear goal: to pull his EU-aspiring economy into investment-grade territory, Bloomberg said Friday.


To do that, Serbia, which has had a junk rating since it emerged from the break up of former Yugoslavia, needs to focus on overhauling its banks, resolving legacy debt and keep economic growth vibrant, the agency reported Mali as saying in an interview.


"Everything we do with our budget, fiscal and monetary policy is designed to fulfill all the criteria to join the list of countries with an investment-grade credit rating. Looking at the dynamics, 2020 looks more realistic. That will be icing on the cake after years of stabilising the budget, lowering unemployment and reducing public debt."


To follow Slovenia, the only former Yugoslav republic that has investment-grade status, Serbia needs to create more jobs, stop an exodus of young people leaving the country and keep its public finances on sound footing - as it did when it ran a budget surplus from 2016 to 2018, he was quoted as saying.

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