June 20 (SeeNews) - The International Monetary Fund (IMF) resident representative for Serbia, Sebastian Sosa, said the country should focus on restructuring state-owned enterprises in order to successfully complete macroeconomic reforms.
"The reform of state-owned companies is obviously a priority in the existing programme with Serbia, supported by the IMF," Sosa said in a video file posted on the website of Serbian public broadcaster Radio Televizija Srbije (RTS) on Sunday.
An IMF mission will start a visit to Serbia during June 22-July 4 to assess its economy and conduct the seventh review of the country's IMF-supported programme, the fund said on Monday.
"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.