Bosnia and Herzegovina: Request for Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina

July 30, 2009

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Bosnia and Herzegovina: Request for Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

This paper discusses the request from the Bosnia and Herzegovina authorities for a Stand-By Arrangement. The global financial and economic crisis hit Bosnia and Herzegovina when the overheating was already raising doubts about the sustainability of the economic expansion. The authorities’ comprehensive financial sector strategy aims at strengthening the banking sector and improving crisis preparedness. IMF staff supports the authorities’ plans to enhance the monitoring of financial stability by establishing a standing committee in charge of crisis prevention and management, and by signing a formal memorandum of understanding on cooperation.

Subject: Banking, Credit, Currency boards, Expenditure, External debt, Fiscal policy, Foreign exchange, Money

Keywords: Adequate capitalization, Authority, CR, Credit, Currency boards, Federation canton, Global, Headline inflation, IMF staff representative, ISCR, Restrictive budget, Staff appraisal

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/226
Stock No:

1BIHEA2009001
ISBN:

9781451804980
ISSN:

1934-7685

Notes

Also available in Bosnian

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