Serbia occupies a key strategic juncture in the Balkans at the social, political, and geographic crossroads between Eastern and Western Europe. The U.S. seeks to strengthen its relationship with Serbia by deepening cooperation based on mutual interest and respect. The U.S. wants Serbia to be part of a stable Balkan region and we pursue this by supporting Serbia’s integration into European institutions, helping normalize Serbia’s relations with Kosovo, strengthening the rule of law, partnering on security issues, and promoting economic growth.
U.S. Assistance to Serbia
The U.S. Government's assistance goals in Serbia include supporting Serbia’s EU accession path and strengthening Serbia’s capacity to counter terrorism and transnational crime, combat corruption, and participate in international peacekeeping missions. Since 2001, the U.S. has provided nearly $1 billion in assistance to Serbia – strengthening the rule of law, increasing good governance, fostering inclusive economic growth, supporting cultural preservation, and helping local communities repair infrastructure and become stronger.
Bilateral Economic Relations
As part of its EU accession process and the three-year agreement it signed with the International Monetary Fund in 2015, Serbia has undertaken economic reforms and has seen meaningful short-term improvements. Significant fiscal consolidation and efforts to combat the informal economy delivered GDP growth of 2.7% in 2016, with falling unemployment, stable inflation, and a lower-than-expected budget deficit. In 2016, Serbia was the world’s number one destination for foreign direct investment as a percentage of GDP. Serbia has implemented reforms to its labor law, construction permitting, and inspection oversight, all with U.S. assistance.