Embassy of the Republic of Serbia in the Kingdom of Denmark

President Vučić met via video link with representatives of the IMF delegation

VUČIĆ: „IN 2020, SERBIA WAS AT THE VERY TOP IN TERMS OF ECONOMIC GROWTH IN EUROPE”

President of the Republic of Serbia Aleksandar Vučić talked today via a video link with the representatives of the delegation of the International Monetary Fund led by the Head of the Mission, Jan Kees Martijn. The interlocutors concluded that Serbia's main goal remains to preserve the hard-earned reputation of a fiscally secure country, as well as to continue with a responsible fiscal policy so that public debt does not exceed 60 per cent of GDP, whereby Serbia continues to work on further economic growth.

During the conversation, President Vučić and Jan Kees Martijn especially referred to the incentive measures and adopted three packages of measures to help the economy and citizens, which preserved macroeconomic stability and even achieved a higher employment rate. Martijn commended the responsible economic policy of Serbia and the successful crisis management during the pandemic.

"Serbia achieved one of the best results last year despite the challenges of the pandemic", Martijn said, noting that Serbia was one of the few countries to which the IMF did not adjust the initial projection of the 5% growth rate it gave last year.

President Vučić added that following the first quarter of 2021, Serbia is well on its way to achieving the planned growth of 6% as planned, since one of the main focuses of the Government is investing in large infrastructure projects and intensifying work on attracting foreign direct investments.

"In 2020, Serbia was at the very top in terms of economic growth in Europe, and I am convinced that this year we can enter the first three or four countries in terms of growth", said President Vučić, adding that he was satisfied that Serbia still, despite the pandemic situation, has an extremely strong inflow of investment.

President Vučić and Jan Kees Martijn also discussed a new advisory arrangement, which is of special importance in light of the improvement of the general investment climate in Serbia, as well as in the context of even greater investor assurance.

"Given Serbia's tremendous progress over the past eight years, the priority goal of this arrangement will be to preserve the results achieved, but also to provide support for further implementation of structural reforms aimed at even faster, stronger and more sustainable growth", said President Vučić and thanked the IMF and the personal engagement of Jan Kees Martijn in the professional and expert support that Serbia is counting on.

President Vučić pointed out that Serbia will pay special attention to reforms in public companies, and that priorities will continue to be investments in infrastructure, creating an even better climate for investments, greater investments in the environment, science and capital projects, which will further contribute to the long term stable financial growth in the coming years.