Abstract
The rapid foreign credit growth has been one of the main drivers of growth in Serbia in recent years. As growth has accelerated, the Serbian economy has become burdened with considerable external imbalances and current account deficits. As a result of the growing debt financing of the external deficit, the foreign debt rose to 22.7 billion EUR in late December 2009. Since the gains from privatization in the 2008-2010 period are not means of servicing the loans that could be counted on in the long run, the issue of sustaining the existing dynamics of paying off the foreign loan has been brought into question. International financial organizations have an important role in Serbia?s economic development and convergence with the European Union. Its resources have been mainly focused on spurring economic growth and promoting the policies that stimulate foreign direct investment and create employment, restructuring and ownership change in the enterprise sector.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
