Despite deceleration of the global economy and numerous challenges worldwide, the International Monetary Fund will not reduce Serbia’s growth forecast for 2019. The Fund believes it is possible to reach a growth of 3.5 percent, the IMF Mission Chief Jan Kees Martijn said in an interview with Prime Minister Ana Brnabic, who is confident that targeted growth will be achieved. Brnabic met with the IMF delegation to discuss the implementation of activities under the current Policy Coordination Instrument (PCI) program. The interlocutors agreed that the model according to which pensions will rise in line with the so-called “Swiss formula” is a good one, as of January 1st, 2020. Martijn pointed out that this is good and sustainable model, as pensions are adjusted to match wage growth and inflation.
Source: N1, FoNet