Republic of Croatia: Second Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria

November 18, 2003

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Format: Chicago

Republic of Croatia: Second Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

Croatia continues to enjoy economic growth, price stability, and rising international reserves under the Stand-By Arrangement. Executive Directors commended this and stressed the need for prudent macroeconomic policies, structural reforms, fiscal consolidation, and tight monetary policy. They appreciated partial privatization of the state-owned oil company and strengthening of the financial supervision. They also emphasized the need to focus on restructuring and privatization of public enterprises to sustain high rates of economic growth and advance the prospects of Croatia's European Union accession.

Subject: Balance of payments, Banking, Central banks, Credit, Current account, External debt, Foreign exchange, International reserves, Money, Privatization

Keywords: CR, Credit, Current account, Debt ratio, Deficit, EU accession, EU accession countries, Global, Government, INA privatization receipt, International reserves, ISCR, Privatization receipt, Proceeds, Republic of Croatia's request

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/358
Stock No:

1HRVEA0032003
ISBN:

9781451817362
ISSN:

1934-7685

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