Republic of Croatia: First Review Under the Stand-By Arrangement and Requests for Waiver of Nonobservance and Applicability of Performance Criteria

August 15, 2003

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Format: Chicago

Republic of Croatia: First Review Under the Stand-By Arrangement and Requests for Waiver of Nonobservance and Applicability of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 25, 2024

Summary

Croatia has made important strides in restoring robust economic growth and achieving price stability while continuing to strengthen its net international reserves position under the Stand-By Arrangement. Executive Directors welcomed this development, and stressed the need to improve fiscal consolidation, accelerate structural reforms, tighten monetary stance, and maintain the soundness of the banking system. They appreciated the budget, foreign exchange, labor laws, and emphasized the need to focus on public enterprise restructuring and privatization, and promote Croatia's European Union membership bid.

Subject: Banking, Central banks, Currencies, Current account deficits, Exchange rates, External debt, Foreign exchange, International reserves, Money

Keywords: CR, Croatian authorities, Currencies, Debt, Deficit, End-June performance criteria, EU accession effort, EU membership bid, Exchange rates, Global, Government, Government expenditure arrears, International reserves, ISCR, Twelve-month rate

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/252
Stock No:

1HRVEA0022003
ISBN:

9781451817331
ISSN:

1934-7685

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