Republic of Croatia: Third Review Under the Stand-By Arrangement

October 6, 2006

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Republic of Croatia: Third Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

The report provides the third Review of the Republic of Croatia Under the Stand-By Arrangement (SBA). Policies under the SBA have sought to reduce Croatia’s savings-investment imbalance and stabilize the external debt-to-GDP ratio. Executive Directors agreed that the main success of the program has been a fundamental improvement of Croatia’s public finances. Executive Directors emphasized the need for fiscal actions to mitigate domestic demand pressures, tightening of prudential regulations to safeguard financial stability in the face of accelerating credit growth, and steps to restore the momentum of privatization.

Subject: Balance of payments, Banking, Central banks, Credit, Currencies, Current account deficits, Economic sectors, External debt, International reserves, Money, Privatization

Keywords: Broad money, CR, Croatia's stand-by arrangement, Currencies, Current account deficits, Debt service, Fiscal policy, Global, International reserves, ISCR, Lapse of time basis, Net, Privatization

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/346
Stock No:

1HRVEA2006002
ISBN:

9781451817430
ISSN:

1934-7685

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