Serbia agrees to extend standby deal with IMF by two years

“With this, we show that we are ready to continue with the reforms, which is a message to the citizens of Serbia and to the investors who should come to our country,” said finance minister Sinisa Mali in a press release last weekend following a meeting with IMF Managing Director Kristalina Georgieva in Washington.

In November 2022, Serbia agreed a 2.45 billion euro ($2.61 billion) two-year standby deal with the IMF to support its economy amid the ongoing crisis.

In December, the IMF granted Serbia access to some 400 million euro, concluding a second review of the stand-by facility.

Last week, the IMF said it expects Serbia’s economy to grow by 3.5% in 2024.

$ = 0.9379 euro