Serbia and Montenegro Staff Report for the 2005 Article IV Consultation

This 2005 Article IV Consultation highlights that macroeconomic imbalances in Serbia and Montenegro widened in 2004, putting at risk some of the impressive earlier achievements. Growth, about 5 percent in nonagriculture since 2002, has been fueled by a surge in domestic demand. Lack of competitive d...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2005
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Inflation 
653 |a Credit 
653 |a Short-term Capital Movements 
653 |a Public finance & taxation 
653 |a Monetary economics 
653 |a Deflation 
653 |a Current Account Adjustment 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Fiscal Policy 
653 |a Balance of payments 
653 |a Currency 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a Price Level 
653 |a Foreign Exchange 
653 |a Expenditures, Public 
653 |a Prices 
653 |a Macroeconomics 
653 |a Taxation 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Foreign exchange 
653 |a Current account deficits 
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520 |a This 2005 Article IV Consultation highlights that macroeconomic imbalances in Serbia and Montenegro widened in 2004, putting at risk some of the impressive earlier achievements. Growth, about 5 percent in nonagriculture since 2002, has been fueled by a surge in domestic demand. Lack of competitive domestic production has led to increased imports and a widening current account deficit. The main policy challenge is to maintain macroeconomic stability while accelerating structural reform. Fiscal policy needs to be tightened substantially, and its flexibility increased by reducing the large share of nondiscretionary spending