02095cas a2200241 a 4500 AALejournalIMF016104 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513523415 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Serbia : Third Review under the Policy Coordination Instrument-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (64 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 paper discusses the Republic of Serbia's Third Review Under the Policy Coordination Instrument (PCI). Serbia is the second IMF member country to request a PCI and aims to maintain macroeconomic and financial stability, while advancing an ambitious reform agenda to foster rapid growth, job creation and improved living standards. All quantitative targets (QTs) for end-September 2019 were met. Most reform targets (RTs) have been implemented. The IMF Staff recommends completion of the third review under the Policy Coordination Instrument and establishment of end-September 2020 QTs. Fiscal policy is on track so far, however, it will be important to closely monitor 2019 budget implementation to ensure that the deficit stays within the program ceiling. While progress has been made in reforming the tax administration and strengthening public investment management frameworks, delayed reforms of the public wage system and public employment framework need to advance in 2020. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/369 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/369/002.2019.issue-369-en.xml IMF e-Library