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Bosnia and Herzegovina: Second Review Under the Stand-By Arrangement and Requests for Waivers of Applicability and Modification of Performance Criteria —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 2013: Issue 121
Language:
English
Publication Date:
17 May 2013
DOI:
https://doi.org/10.5089/9781484371206.002
ISBN:
9781484371206
ISSN:
1934-7685
Pages:
52
Keywords:
ISCR; CR; Bosnia-Herzegovina; BiH economy; economy of Bosnia and Herzegovina; authorities of BiH; SDR; federation of BiH; NPL resolution framework; Pension spending; Financial derivatives and employee stock options (financial account); Securities; Capital spending; Global; Europe
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The economy of Bosnia and Herzegovina, which is strongly connected to Europe through trade and financial channels, continues to pay a high price for the tough conditions in the area. The paper discuss that, following low demand in its trading partners, exports slumped in 2012 by 7.5 percent, dragging the economy to an export-led recession that resulted in a contraction of economic activity by 0.7 percent. The share of government spending in GDP fell by almost a percentage point, offsetting completely the automatic stabilizers.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund