Republic of Croatia: First Review Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchases

September 26, 2005

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Republic of Croatia: First Review Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchases, (USA: International Monetary Fund, 2005) accessed December 27, 2024

Summary

The staff report for the First Review Under the Stand-By Arrangement on the Republic of Croatia focuses on fiscal policy and monetary and financial sector policies. Financial soundness indicators show a continuation of the overall strengthening of the banking system, although foreign exchange-related credit risk remains high. Efforts to strengthen financial discipline in the broader public sector remain an important component of the program. Progress is continuing on the agenda of the original program in the areas of fiscal management and privatization.

Subject: Banking, Budget planning and preparation, Central banks, External debt, Foreign exchange, International reserves, Public debt, Public financial management (PFM)

Keywords: Accession negotiations, Board discussion, Budget planning and preparation, Commission, CR, Discussion of the Republic of Croatia, Global, Government, International reserves, ISCR, Oil price spike, Policy implementation, Privatization, Privatization plan

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/349
Stock No:

1HRVEA2005001
ISBN:

9781451817416
ISSN:

1934-7685

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