IMF Staff Country Reports

Republic of Croatia: Staff Report for the 2004 Article IV Consultation and Request for Stand-By Arrangement

Publication Date:

August 12, 2004

Electronic Access:

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Summary:

This paper examines Croatia’s 2004 Article IV Consultation and Request for Stand-By Arrangement (SBA). Croatia has established a record of solid growth and low inflation since the mid-1990s. Real GDP growth has averaged about 4.5 percent, with inflation in the low single digits. This performance compares well with the European Union-15 (EU-15) and other Central and Eastern European countries (CEECs). Structural reform has also advanced, and the private sector is vibrant. To support their policies for 2004–05, the authorities have requested a new 20-month SBA, which they intend to treat as precautionary.

Series:

Country Report No. 2004/253

Subject:

Balance of payments Central banks Current account deficits External debt Fiscal policy International reserves Public debt