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Republic of Croatia: Third Review Under the Stand-By Arrangement
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 346
Language:
English
Publication Date:
06 Oct 2006
DOI:
https://doi.org/10.5089/9781451817430.002
ISBN:
9781451817430
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; net; Croatia's stand-by arrangement; lapse of time basis; broad money; debt service; fiscal policy; Privatization; International reserves; Current account deficits; Currencies; Global
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The report provides the third Review of the Republic of Croatia Under the Stand-By Arrangement (SBA). Policies under the SBA have sought to reduce Croatia’s savings-investment imbalance and stabilize the external debt-to-GDP ratio. Executive Directors agreed that the main success of the program has been a fundamental improvement of Croatia’s public finances. Executive Directors emphasized the need for fiscal actions to mitigate domestic demand pressures, tightening of prudential regulations to safeguard financial stability in the face of accelerating credit growth, and steps to restore the momentum of privatization.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund