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Serbia is requesting more assistance from the International Monetary Fund to strengthen the business environment and the rule of law

The Serbian economy was able to contract by 1.1 percent last year, but this was as far from deflation as other countries in the region, thanks to appropriate economic measures, according to the International Monetary Fund.

The measures must continue to help people’s livelihoods, according to the International Monetary Fund, and the Belgrade government agreed, so the third economic rescue package will help all of the sixty-euro Serb citizens (about 21,800 HUF) and support young citizens. Medium-sized businesses, as well as the tourism and hospitality sector, and independent artists. In addition, retirees and the unemployed will receive additional support.

An agreement has now been reached between the IMF and Serbia until the end of 2023 It will help Belgrade to improve its business environment, strengthen the rule of law in the country, continue to restructure loss-making SOEs, and amend environmental regulations.

The Serbian government expects the country’s economic growth to be around 6% this year, while the International Monetary Fund expects 5% growth.

A similar consultative agreement between Serbia and the International Monetary Fund expired last year and the parties say it has been very successful.

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