Arab Today, arab today imf projects gdp growth of 25 pct for serbia in 2016
Last Updated : GMT 13:07:00
Arab Today, arab today
Arab Today, arab today

IMF projects GDP growth of 2.5 pct for Serbia in 2016

Arab Today, arab today

Arab Today, arab today IMF projects GDP growth of 2.5 pct for Serbia in 2016

The International Monetary Fund (IMF)
Belgrade - XINHUA

The International Monetary Fund (IMF) increased its projection of GDP growth for Serbia from 1.8 to 2.5 percent on Tuesday.

The projection was made after two weeks of negotiations over an IMF assessment between the IMF, Serbian government and the National Bank of Serbia

"We expect now that in 2016 the real growth of GDP will be 2.5 percent, while the inflation will be 1.3 percent," IMF mission chief James Roaf said at a press conference.

He added the results were due to the good economic program Serbia is continuing, and that economic growth was supported by significant investments and increase in exports.

Roaf estimated that the IMF assessment would be completed by the end of August, after which Serbia will have additional 147 million euros (165 million U.S. dollars) available under the stand-by arrangement, bringing the total available funds to 762 million euros, which Serbia announced it has no intention to withdraw.

Serbia signed a precautionary stand-by arrangement with IMF worth 1.2 billion euros in February 2015. This is the second time IMF has changed its projection of Serbia's GDP growth this year, having changed it from 0.5 to 1.8 percent of GDP earlier this year.

Roaf pointed out that inefficient and unviable state-owned companies presented for a long time an obstacle to the private sector-led growth, and that a lot of tough tasks are left to be completed in this area, especially in energy and mining.

He said there will be no increase of salaries in the public sector and pensions that were decreased at the beginning of last year, and that this topic will not be on the negotiating table before the end of 2016.

"The financial sector agenda in 2016 focuses on two areas: first the reform of state-owned financial institutions. And second, the full implementation of the Non-Performing Loan (NPL) resolution strategy, which is already contributing to reduction of the high levels of impaired assets in banks' loan portfolios," Roaf said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf projects gdp growth of 25 pct for serbia in 2016 Arab Today, arab today imf projects gdp growth of 25 pct for serbia in 2016

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday