TY - BOOK ID - 134027624 TI - Republic of Serbia : Third Review Under the Policy Coordination Instrument, Request for a Stand-By Arrangement, and Cancellation of the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia. PY - 2022 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Money and Monetary Policy KW - International Economics KW - Macroeconomics KW - Inflation KW - Industries: Energy KW - Exports and Imports KW - Taxation KW - Monetary Policy KW - International Agreements and Observance KW - International Organizations KW - Price Level KW - Deflation KW - Energy: Demand and Supply KW - Prices KW - Energy and the Macroeconomy KW - Trade: General KW - Trade Policy KW - International Trade Organizations KW - Monetary economics KW - International institutions KW - Petroleum, oil & gas industries KW - International economics KW - Public finance & taxation KW - Currency KW - Foreign exchange KW - Monetary policy KW - International organization KW - Energy prices KW - Energy sector KW - Economic sectors KW - Imports KW - International trade KW - Tariffs KW - Taxes KW - International agencies KW - Energy industries KW - Tariff KW - Serbia, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:134027624 AB - In the wake of the Covid pandemic, Serbia embarked on a well-paced consolidation path to rebuild buffers, supported by a program under the Policy Coordination Instrument (PCI). Given higher energy prices and domestic electricity production problems, high global inflation, weaker trading partner growth, and spillovers from Russia’s war in Ukraine, the authorities have requested financial support under a two-year Stand-by Arrangement (SBA) of SDR 1,898.92 million (290 percent of quota, about EUR 2.4 billion). The SBA supports economic and financial policies to address external and fiscal financing needs, maintain macroeconomic and financial stability, and continue to strengthen the economy’s performance and resilience through structural reforms. The PCI was cancelled upon approval of the SBA. ER -