Republic of Croatia: Staff Report for 1999 Article IV Consultation

January 21, 2000

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Republic of Croatia: Staff Report for 1999 Article IV Consultation, (USA: International Monetary Fund, 2000) accessed December 21, 2024

Summary

Until recently, Croatia's economic performance was the envy of many countries in transition: a successful stabilization effort in late 1993 was followed by virtual price stability and real GDP growth of 6 percent a year during 1994–97. Monetary tightening, the weak economy, and a drying-up of repatriated foreign savings exposed the underlying insolvency of a group of rapidly growing banks. Executive Directors emphasized that the task of restoring fiscal balance could not be accomplished without redressing the finances of the pension and health care systems.

Subject: Balance of payments, Banking, Currencies, Current account deficits, Economic sectors, Exchange rates, Expenditure, Foreign exchange, Labor, Privatization, Wage adjustments

Keywords: Authorities control, Coalition government, CR, Croatia, Current account deficits, Exchange rates, Global, Government debt burden, ISCR, Privatization, Reserve, Staff appraisal, Staff projection, Staff report note, Wage adjustments, Western Europe

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/007
Stock No:

1HRVEA0012000
ISBN:

9781451817256
ISSN:

1934-7685

Notes

Included with the Staff Report are the text of Public Information Notice No. 00/04--IMF Concludes Article IV Consultation with the Republic of Croatia and a statement by J. de Beaufort Wijnholds, Executive Director, on January 7, 2000.

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