The National Bank of Serbia reported that Governor Jorgovanka Tabakovic, acting as Serbia’s Governor at the International Monetary Fund, participated in the International Monetary and Financial Committee (IMFC) meeting held in Washington during the IMF and World Bank Group Spring Meetings. Discussions focused on key global economic challenges, including subdued global growth prospects below historical averages, elevated public debt, and uncertainty in trade and capital flows affecting both advanced and developing economies. The IMFC noted the addition of a 25th member from the African continent for the first time, aimed at strengthening the voice of emerging market and developing countries. The meeting underlined the IMF’s role in the global financial safety net in supporting members facing balance of payments pressures, and emphasised coordinated approaches to safeguard global financial stability, including the potential for stronger cooperation with regional financial institutions. Participants also welcomed the IMF’s medium-term priorities set out in the Global Economic Policy Agenda, including intensified support for member measures to raise productivity, investment and job creation, and providing a platform for joint action on shared economic challenges.
National Bank of Serbia 2025-04-25
National Bank of Serbia governor represents Serbia at IMF International Monetary and Financial Committee meeting in Washington
Governor Jorgovanka Tabakovic of the National Bank of Serbia attended the International Monetary and Financial Committee meeting in Washington, addressing global economic challenges like subdued growth, high public debt, and trade uncertainties. The meeting emphasized the IMF's role in supporting members with balance of payments pressures and maintaining global financial stability. The addition of a 25th African member and the IMF's medium-term priorities, including productivity and investment support, were noted.