01693cas a2200241 a 4500 AALejournalIMF008871 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451833577 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Serbia and Montenegro : Staff Report for the 2005 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (165 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/233 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/233/002.2005.issue-233-en.xml IMF e-Library