June 19 (SeeNews) - An International Monetary Fund (IMF) mission will start a visit to Serbia at the end of this month to assess its economy and conduct the seventh review of the country's IMF-supported programme, the fund said on Monday.
The mission, led by James Roaf, will visit Serbia during June 22-July 4, the IMF said in a press release.
"The mission will have two principal tasks. First, to conduct surveillance of the Serbian economy under Article IV of the IMF’s Articles of Agreement. This surveillance is a central element of the IMF’s mandate for all its member countries and takes a comprehensive and longer-term view of macroeconomic developments and prospects, and the authorities’ economic policies," the IMF said.
The second task of the mission will be to conduct the seventh review of Serbia’s program supported by the IMF. As with previous reviews, the mission will consider past program performance and implementation as well as seek agreement on policies looking forward, the fund noted.
This surveillance is a central element of the IMF’s mandate for all its member countries and takes a comprehensive and longer-term view of macroeconomic developments and prospects, and the authorities’ economic policies, the IMF said.
The last Article IV consultation with Serbia was concluded by the IMF Executive Board on February 23, 2015, while the last review was completed by the IMF Executive Board on December 16, 2016.
Last week, Serbia's finance minister Dusan Vujovic said he expects the IMF to revise its projection for the country's budget deficit in 2017 to 1.3% from 1.7%, as revenue is growing faster than planned.