Bosnia and Herzegovina: Staff Report for the First Review Under the Stand-By Arrangement
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Summary:
The staff report for Bosnia and Herzegovina’s (BiH) first review under the Stand-By Arrangement is presented. The precipitous drop in demand for BiH’s exports and the drying up of foreign direct investment triggered a sharp decline in private investment. Tightening credit conditions and the ensuing uncertainty put a further squeeze on spending on capital goods and consumer durables. Private consumption of nondurables softened but to a lesser extent, on the back of moderate growth in wages and social benefits.
Series:
Country Report No. 2010/101
Subject:
Banking Budget planning and preparation Commercial banks Expenditure External debt Financial institutions Public debt Public financial management (PFM)
Notes:
English
Publication Date:
April 30, 2010
ISBN/ISSN:
9781455207770/1934-7685
Stock No:
1BIHEA2010001
Pages:
67
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