THE SIGNIFICANCE OF INTERNATIONAL MONETARY FUND CREDIT ARRANGEMENTS IN FOSTERING THE SUSTAINABLE DEVELOPMENT OF THE REPUBLIC OF SERBIA

Keywords:
credit arrangement, IMF, macroeconomic stability, structural reforms

Abstract:
This paper explores the relationship between the International Monetary Fund (IMF), a prominent global financial institution specializing in economic issues and aiding countries facing financial challenges, and Serbia. The primary focus of this study is to analyze the credit agreements between Serbia and the IMF and assess their influence on the country's economic circumstances. Specifically, it investigates the Stand-by Credit Arrangements utilized by the Republic of Serbia in 2011, 2015, and 2022. The research delves into various aspects, including IMF-imposed conditions, the extent of credit arrangements, policies and measures encompassed within these agreements, and their repercussions on macroeconomic stability, fiscal and monetary policies, structural reforms, and other pertinent economic indicators. This study's overarching objective is to comprehend the lasting effects of these programs on Serbia and evaluate the collaborative relationship between the country and the IMF

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T. Radojević, D. Rajin, J. Nikolić, R. Butėnas, “The significance of international monetary fund credit arrangements in fostering the sustainable development of the Republic of Serbia,” in FINIZ 2023 - Sustainable development as a measure of modern business success, Belgrade, Singidunum University, Serbia, 2023, pp. 35-41. doi: 10.15308/finiz-2023-35-41 

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Radojević, T., Rajin, D., Nikolić, J., Butėnas, R. (2023). The significance of international monetary fund credit arrangements in fostering the sustainable development of the Republic of Serbia. Paper presented at FINIZ 2023 - Sustainable development as a measure of modern business success. doi:10.15308/finiz-2023-35-41

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