Vucic meets with IMF delegation

BELGRADE - Serbian President Aleksandar Vucic met with an International Monetary Fund (IMF) delegation headed by Donal McGettigan on Thursday to discuss economic reforms, strategic plans for further development of Serbia and strengthening the cooperation with the IMF.

The discussion addressed the most important aspects of cooperation, projections for the upcoming period, risk analyses and market trends, as well as the anticipated FDI inflow and fiscal discipline.

"I highlighted the excellent results achieved in the past period, especially in terms of a decline of inflation and measures for controlling inflation spikes, the strengthening of the labor market and the all-time high reserves that are available to us today," Vucic wrote in an Instagram post.

Through serious measures and good anticipation, Serbia has registered strong growth in spite of the energy crisis, and continues to invest in the necessary infrastructure and other capital projects to boost the inflow of new investments further, Vucic noted.

"We also exchanged views on the challenges Serbia, like most of the world, is facing in the current economic circumstances. I thanked the IMF for supporting our country's efforts aimed at creating a good investment environment as well as for recommendations for further strengthening of fiscal stability," Vucic said.

He added that, given the current dynamics of economic activities and expectations until the end of the year, the projection of Serbia's GDP growth remained at 3.8 pct and that there were plans for even stronger growth in the years to come.

"We also exchanged views on further measures and steps for preserving macroeconomic and financial stability, strengthening the resilience of the economy and reforms in the national energy sector. In that context, I noted that strengthening the cooperation between our country and the IMF is of great importance for Serbia's economic progress and for ensuring stability, as well as that Serbia remains committed to an open and constructive exchange with the IMF as one of the most reputable global financial institutions," Vucic concluded.