In the dynamic world of international finance and national economies, regular check-ins are essential. On December 17, 2025, the International Monetary Fund (IMF) Executive Board concluded its Second Review under the Policy Coordination Instrument (PCI) for the Republic of Serbia. This is a significant milestone for Serbia, highlighting its ongoing commitment to robust economic policies.
For those unfamiliar, the Policy Coordination Instrument (PCI) is a non-financial instrument designed to support countries in establishing and maintaining macroeconomic stability and sustainable growth. It serves as a strong signal to the international community and investors that Serbia is adhering to a credible reform agenda and sound economic management.
While the full Staff Report, which the Serbian authorities have consented to publish, will provide comprehensive details, the conclusion of this second review indicates that Serbia’s economic performance and policy implementation have been assessed against the agreed-upon targets. The initial observation from the report suggests that economic activity has experienced a slowdown amid rising… – a common challenge faced by many economies today, which the PCI framework aims to help address and mitigate.
This ongoing engagement with the IMF through the PCI is crucial for Serbia. It provides a structured framework for economic policy discussions, facilitates reform implementation, and ultimately supports the country’s path toward greater economic resilience and prosperity. As Serbia continues to navigate its economic landscape, such reviews are vital for maintaining confidence and fostering sustainable development.
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