Although current growth rates areimproving incomes in Serbia, they are not bringing thecountry closer to average living standards in the EuropeanUnion fast enough. To reach European levels of prosperity,Serbia must embrace a new, ambitious agenda for growth.Serbia can become a fast-growing, sophisticated moderneconomy, driven by its private sector, if it maintains thehard-won gains of macroeconomic stability and advances thetransformation in the following seven areas: boostinginvestment, financing growing firms, skilling workers,raising productivity, expanding exports, enabling business,and unleashing competition. Reforms will at once promotegrowth and build needed resilience for the coming period andbeyond. The challenge is not only economic. It requirescourageous, decisive, and bold political commitment as wellas strengthening government effectiveness and accountabil