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Republic of Croatia: Request for Stand-By Arrangement
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 027
Language:
English
Publication Date:
11 Feb 2003
DOI:
https://doi.org/10.5089/9781451817287.002
ISBN:
9781451817287
ISSN:
1934-7685
Pages:
95
Keywords:
ISCR; CR; twelve-month rate; headline inflation; core inflation; privatization receipt; core rate of inflation; government debt guarantee; appreciation pressure; International reserves; Currencies; Europe; Global; Western Europe; Eastern Europe
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This paper examines the Croatia’s Request for a Stand-By Arrangement (SBA). Despite a disappointing merchandise trade performance, strong exports of services and private transfers have helped restrain the current account deficit. The authorities' program for 2003 constitutes a major step toward long-term fiscal sustainability and higher economic growth. The authorities recognize that more needs to be done in the future to boost the population’s standard of living and put Croatia on a firm path of real convergence with the European Union. The IMF staff supports the authorities’ request for a SBA.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund