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

December 27, 2012

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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, (USA: International Monetary Fund, 2012) accessed December 21, 2024

Summary

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.

Subject: Balance of payments, Capital spending, Expenditure, Financial derivatives and employee stock options (financial account), Financial institutions, Loans, Pension spending, Securities

Keywords: Agency, Banking supervision agency, Bosnia-Herzegovina, Capital spending, CR, Disbursement of SDR, Economic policy coordination, Europe, Financial derivatives and employee stock options (financial account), Government financing, Home-country supervisor, ISCR, Pension spending, RS government, Securities

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/344
Stock No:

1BIHEA2012002
ISBN:

9781475583717
ISSN:

1934-7685

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