The improved macroeconomic indicators and a brighter outlook for the period ahead have also been recognised and acknowledged by the European Commission, which revised up the economic growth projection for Serbia, and by rating agencies, which raised Serbia’s credit rating outlook.
As you may know, requests for MB opinion on planned borrowings may be submitted directly to the BSP by the LGUs or through the lending banks. The BSP recognizes the importance of credit to LGUs, particularly municipalities. Thus, the BSP has issued circulars to streamline the documentary requirements and facilitate the review process on how LGUs can secure MB opinions on LGU loans.