Republic of Croatia: Staff Report for the 2006 Article IV Consultation

February 27, 2007

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Republic of Croatia: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed December 22, 2024

Summary

The 2006 Article IV consultation underlies policy issues, including fiscal policy, monetary policy, and structural issues of the Republic of Croatia. Although bank restructuring and privatization have strengthened the financial sector, strong credit expansion and foreign exchange-induced credit risk have raised concerns. To address external vulnerabilities and reduce the burden of the large government on economic growth, Executive Directors recommended more ambitious fiscal consolidation than the authorities’ medium-term plans currently envisage. They stressed the urgency of restructuring the loss-making shipyards and removing impediments to privatization.

Subject: Balance of payments, Banking, Current account deficits, Expenditure, External debt, Financial institutions, Fiscal policy, Loans

Keywords: Central and Eastern Europe, CNB bill, CNB estimate, CR, Credit growth, Current account deficits, December foreign trade data, Deficit, Eastern Europe, Europe, Government savings, ISCR, Loans, Southern Europe, Staff appraisal, Western Europe

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/081
Stock No:

1HRVEA2007001
ISBN:

9781451817447
ISSN:

1934-7685

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