Staff recommends completion of the first review under the Policy Coordination Instrument and modification of QTs for end-March and an establishment of end-September 2019 QTs.
An economic recovery is underway on the heels of the authorities’ large and timely policy response.
Most reform targets (RTs) have been implemented. The IMF Staff recommends completion of the third review under the Policy Coordination Instrument and establishment of end-September 2020 QTs.
Monetary policy has kept inflation under firm control, while supporting economic recovery. The resilience of the financial sector has improved.
The economy has navigated the COVID-19 pandemic well.
Recent economic developments.
... Formalizing the Shadow Economy in Serbia. Policy Measures and Growth Effects. Belgrade, Serbia: Springer Open. 4 ... Economy and an Action Plan for its implementation, which was since updated to cover 2018-19. Documents were prepared ...
... is a gap between subnational spending and subnational “own” revenues (i.e., excluding transfers and shared revenues received from other 10 Eyraud and Moreno Badia (2013), “Too Small to Fail? Subnational Spending Pressures in Europe” IMF ...