Jorgovanka Tabaković on Serbia's Industrial Policy and Economic Growth

The National Bank of Serbia, through Governor Jorgovanka Tabaković, outlines Serbia’s strategic industrial policy and structural reform efforts.

• Industrial policies focus on modernization, integration into global value chains, a knowledge-based economy, digitalisation, and automation.
• Emphasis on energy transition to climate neutrality and decarbonisation, supported by Serbia’s integrated national energy and climate plan.
• Infrastructure projects under the “Leap into the Future – Serbia Expo 2027” program promote economic growth, technological parks, start-up centers, and business incubators.
• Significant investments highlighted: EUR 5.2 billion in FDI inflows in 2024; record FX reserves exceeding EUR 29 billion; record-high gold reserves with value more than seven times the level in 2012.
• Achieved investment-grade credit rating with J.P. Morgan including Serbian dinar bonds into their indices effective March 31, 2025.
  This outlines Serbia’s progress in leveraging industrial policy to foster economic stability, address climate goals, and sustain growth amidst global challenges.