IMF, World Bank Group and Serbia

At the beginning of the paper, general principles of the functioning of the International Monetary Fund and the World Bank Group are presented, as well as their roles in modern international monetary and financial systems together with their internal relationship, role and evolution. After that, I deal with Serbian experiences with these two major international financial institutions, both from the near past and the present time, and what should be expected in future. Paper has no formal conclusion due to the fact that it is not under a question mark. There is no national economy at the beginning of the 21st century that could be isolated from external influences. Some form of co-operation with the IMF is a precondition for the access to the cheap funds of the World Bank Group and an important indicator of the overall rate of national economy in the time of an increased competition on the world market in the light of the newest financial crisis.