Government of Serbia Adopts Proposal of Text of Letter of Intent Requesting Approval of New Stand-by Arrangement from IMF

The Government of Serbia has adopted the proposal of the text of the letter of intent, which requests the International Monetary Fund (IMF) to conclude within the third review of the current Policy Coordination Instrument and approve the new stand-by arrangement and the text of the Memorandum on Economic and Financial Policy with a technical memorandum of understanding.

The new arrangement, which will last for the next two years, will be approved by the Executive Board of the IMF during December, says the website of the Government of Serbia.

It is intended for urgent external and fiscal needs produced by global economic challenges, as well as for supporting the government's macroeconomic policy, structural reforms, with a focus on the energy sector.

Vlada Republike Srbije

Međunarodni monetarni fond-MMF Beograd

Government of Serbia

International Monetary Fund

IMF

IMF Executive Board

letter of intent

Policy Coordination Instrument

stand by arrangement

Memorandum on Economic and Financial Policy with a technical memorandum of understanding