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

May 16, 2008

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Format: Chicago

Republic of Croatia: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Croatia, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

Croatia's economic growth accelerated, but external imbalances continued to increase. Executive Directors commended the strong performance accompanied by commendable prudent policies and continued strengthening of financial supervision. They emphasized the need for continued policy efforts to mitigate imbalances and sustain high growth. They stressed the need to continue fiscal adjustment so as to manage domestic demand, address macroeconomic imbalances, and accelerate structural reforms. Directors welcomed the authorities’ intention to continue to reduce general government deficit and also pointed the importance of ensuring the sustainability of the pension system.

Subject: Balance of payments, Banking, Credit, Current account deficits, External debt, Financial institutions, Government debt management, Loans, Money, Public financial management (PFM)

Keywords: CR, Credit, Current account deficits, Deficit, Eastern Europe, Foreign currency, Global, Government, Government debt management, ISCR, Loans, Report, Staff appraisal, Staffs assessment, Staffs proposal, Utility price

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/158
Stock No:

1HRVEA2008001
ISBN:

9781451817461
ISSN:

1934-7685

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