IMF delegation tells Serbian president planned growth up to 4 percent

IMF delegation tells Serbian president planned growth up to 4 percent

IMF delegation tells Serbian president planned growth up to 4 percent Izvor: Tanjug/Sava Radovanović

An International Monetary Fund (IMF) delegation told President Aleksandar Vucic that its projection of Serbia’s economic growth for 2020 is 3.5 to four percent, a press release said on Monday.

The press release from the president’s cabinet quoted Vucic as saying that Serbia’s goal is to achieve higher than projected growth despite the slowdown in European Union member states.  

The meeting confirmed that public sector salaries and pensions could be raised and devoted significant attention to „efficient management and better implementation of investments in public companies“, the press release said.  

The president and the IMF delegation, headed by Jan Kees Martijn, also discussed public companies such as the power company (EPS), the announced privatization of the Komercijalna Bank, the Petrohemija chemical industry plant and reform of the Tax Authority.

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