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Bosnia and Herzegovina: First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of a Performance Criterion —Staff Report; Press Release; and Statement by the Executive Director
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 344
Language:
English
Publication Date:
27 Dec 2012
DOI:
https://doi.org/10.5089/9781475583717.002
ISBN:
9781475583717
ISSN:
1934-7685
Pages:
45
Keywords:
ISCR; CR; agency; Bosnia-Herzegovina; banking supervision agency; RS government; economic policy coordination; home-country supervisor; government financing; disbursement of SDR; Financial derivatives and employee stock options (financial account); Securities; Pension spending; Capital spending; Europe
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Bosnia and Herzegovina’s (Bah) economy started to lose steam in early 2012 as growth slowed in Europe. Intensification of the euro area crisis further affected Bin's growth outlook. However, measures such as limiting the expenditure at the central government level and targeting overall general government spending by 1 percentage point of GDP in 2013 aim to improve the economy. Comprehensive reforms of rights-based benefits are also identified, which are imperative for both medium-term fiscal sustainability and improving the functioning of labor markets.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund