Bosnia and Herzegovina: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina

October 6, 2008

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Format: Chicago

Bosnia and Herzegovina: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

This Article 2008 IV Consultation highlights that Bosnia and Herzegovina’s economy has been exhibiting robust growth, but imbalances have emerged. The current account deficit has widened and underlying inflation has picked up. Procyclical fiscal policy has added to these imbalances. Moreover, large public-sector wage increases threaten to spill over to private sector settlements, thus exacerbating inflation pressures and weighing on competitiveness. Credit growth has started to slow down, and tightened financial conditions have resulted in a fall in bank profitability.

Subject: Balance of payments, Banking, Current account deficits, Expenditure, External debt, Fiscal policy, Public debt

Keywords: Authorities of Bosnia and Herzegovina, Authority, BiH authorities, CR, Current account deficits, Global, Headline inflation, ISCR, Private sector, RS government

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/327
Stock No:

1BIHEA2008003
ISBN:

9781451804973
ISSN:

1934-7685

Notes

Also available in Bosnian

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