IMF favorable position on the Law on the National Bank of Serbia

In the official statement following the approval of 140 million dollars granted to our country, the International Monetary Fund (IMF) commended both the economic policy lead by the Government of the Republic of Serbia, and the new Law on the National Bank of Serbia.

Mrs. Ann Kruger, the IMF’s second in power executive, said that the credibility of the central bank has been strengthened by the new Law on the National Bank of Serbia, through provisions aimed to assure it’s independence, to strengthen the supervision over it’s activity and improve the internal control process.

In that way, at the opposite of certain speculations launched at the moment of the Law on the NBS adoption, this key international financial institution confirmed the accuracy of the solutions contained in the Law on the NBS – independence along with the supervision and the central bank’s internal control mechanism, strengthening the Government’s determination to persevere on the path of responsible and overall economic reforms.