The National Bank of Serbia published an account of a meeting between Governor Jorgovanka Tabakovic, Finance Minister Sinisa Mali and Alfred Kamera, Director of the Europe Division at the International Monetary Fund, focusing on Serbia’s recent economic performance and the IMF’s assessment of the policy mix amid global uncertainty. Kamera praised the implementation of Serbia’s economic programme and highlighted policy coordination, describing monetary policy as adequate, foreign exchange reserves as a strong buffer against external shocks, and fiscal policy as continuing to be prudent. Tabakovic pointed to 2024 results including strong gross domestic product growth, inflation within the target range, record foreign exchange reserves and foreign direct investment, and a strong banking sector. The release also cited the IMF’s April projections for Serbia of 3.5% real GDP growth in 2025, 0.6 percentage points below the IMF’s October projection, and 4.2% in 2026, 0.2 percentage points above, alongside comments that other countries in the region saw larger downward revisions for 2025.
National Bank of Serbia 2025-04-26
National Bank of Serbia meets IMF Europe Director as the Fund projects 3.5% GDP growth in 2025
The National Bank of Serbia reported on a meeting with the IMF, highlighting Serbia's economic performance and policy mix amid global uncertainty. The IMF praised Serbia's economic program, noting adequate monetary policy, strong foreign exchange reserves, and prudent fiscal policy. Serbia's GDP growth is projected at 3.5% in 2025 and 4.2% in 2026, with smaller downward revisions compared to regional peers.