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Republic of Serbia : Second Review Under the Stand-By Arrangement and Requests for Waiver of End-September Performance Criterion, Modification of End-December Performance Criteria, Rephasing of Purchases, and Financing Assurances Review.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2010/025
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- International Monetary Fund--Serbia.
- International Monetary Fund.
- Fiscal policy--Serbia.
- Fiscal policy.
- Banks and banking--Serbia.
- Banks and banking.
- Monetary policy--Serbia.
- Monetary policy.
- Debts, External--Serbia.
- Debts, External.
- Debts, Public--Serbia.
- Debts, Public.
- Serbia--Economic conditions.
- Serbia.
- Serbia--Economic conditions--Statistics.
- Physical Description:
- 1 online resource (70 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2010.
- Language Note:
- English
- Summary:
- Serbia’s Second Review under the Stand-By Arrangement and requests for Waiver of Performance Criterion are examined. The contraction in GDP has been limited relative to regional comparators, but absorption and external trade have fallen faster than expected. Foreign parent banks have rolled over their external exposure vis-à-vis Serbia, as agreed under the Bank Coordination Initiative. Rapidly rising nonperforming loans and uncertainty over real sector prospects have crimped new credit, notwithstanding government efforts to support bank lending through interest subsidies and loan guarantees.
- Contents:
- ""Cover""; ""Contents""; ""I. Recent Developments""; ""II. Policy Discussions""; ""A. Macroeconomic Framework""; ""B. Fiscal Policy""; ""C. Financial Sector Policy""; ""D. Monetary and Exchange Rate Policies""; ""E. Public Enterprises and Other Structural Policies""; ""F. Program Issues""; ""III. Staff Appraisal""; ""Boxes""; ""1. Bailing In Foreign Banks""; ""2. Mattress Money as a Financial Crisis Buffer""; ""3. Medium-Term Output and Absorption Losses""; ""4. Increasing Fiscal Responsibility""; ""5. Problems with Debt Collection and Restructuring""; ""Figures""
- ""1. Financial Market Developments Since September 2008""""2. Banking Sector Developments Since September 2008""; ""3. Real and External Sector Developments, 2006�2009""; ""4. Inflation and Wage Developments, 2008�09""; ""Tables""; ""1. Quantitative Conditionality Under the SBA, 2008�10""; ""2. Performance for Second Review""; ""3. Selected Economic and Social Indicators, 2005�10""; ""4. Real GDP Growth Components, 2007�15""; ""5. Savings-Investment Balances, 2007�15""; ""6. Balance of Payments, 2007�15""; ""7. External Financing Requirements and Sources, 2008�15""
- ""8. Rankings of Selected Competitiveness and Structural Indicators""""9. Medium-Term Program Scenario, 2007�15""; ""10. General Government Fiscal Operations, 2007�10""; ""11. Monetary Survey, 2006�10""; ""12. Balance Sheet of the NBS, 2006�10""; ""13. Balance Sheet of Commercial Banks, 2006�09""; ""14. Banking Sector Financial Soundness Indicators, 2004�09""; ""15. Indicators of Capacity to Repay the Fund, 2009�15""; ""16. Proposed Schedule of Purchases, 2009�11""; ""Appendices""; ""I. External Debt Sustainability""; ""II. Public Debt Sustainability""; ""Attachments""
- ""I. Letter of Intent (LOI)""""II. Technical Memorandum of Understanding""
- Notes:
- Description based upon print version of record.
- Description based on print version record.
- Description based on online resource; title from PDF copyright page (ebrary, viewed July 8, 2014).
- ISBN:
- 9786613880604
- 9781462359387
- 1462359388
- 9781452792781
- 145279278X
- 9781283568159
- 1283568152
- 9781451887747
- 1451887744
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