October 15 (SeeNews) - The International Monetary Fund (IMF) plans to maintain its 3.5% gross domestic product (GDP) growth forecast for Serbia despite the slowdown of the global economy, the head of the Fund's mission to the country, Jan Kees Martijn, has said.
Serbia implements its commitments under the 30-month Policy Coordination Instrument (PCI) agreed with the IMF within the deadlines set, Martijn said during a meeting with prime minister Ana Brnabic on Monday, according to a Serbian government press release.
During the meeting, Martijn praised the ongoing tax administration reform, the process of finding a strategic partner for Komercijalna Banka [BEL:KMBN], and the formation of a new fiscal risk monitoring sector at the finance ministry, the government said.
An IMF mission led by Martijn is visiting Serbia during October 4-15 to review the implementation of the PCI for the country.
In April, the IMF said Serbia's economy will grow by 3.5% in 2019. In 2020, Serbia's GDP is expected to grow by 4.0%, the IMF said in the April edition of its World Economic Outlook (WEO) report.