Bosnia and Herzegovina: 2010 Article IV Consultation Second and Third Reviews Under the Stand-By Arrangement Request for Waiver of Nonobservance of a Performance Criterion and Rephasing of Purchases

December 3, 2010

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Bosnia and Herzegovina: 2010 Article IV Consultation Second and Third Reviews Under the Stand-By Arrangement Request for Waiver of Nonobservance of a Performance Criterion and Rephasing of Purchases, (USA: International Monetary Fund, 2010) accessed December 22, 2024

Summary

The global economic and financial crisis found the economy of Bosnia and Herzegovina in a vulnerable position. The government put together a comprehensive program supported by the International Monetary Fund. The stabilization program has helped mitigate the impact of the global financial crisis on the economy. With the economy now emerging out of the recession, policy continuity is important. Medium-term fiscal consolidation should be accompanied by reforms in current spending while making room for capital expenditure. The response in the financial sector has been appropriate.

Subject: Expenditure, External debt, Fiscal policy, International organization, Monetary policy, Public financial management (PFM)

Keywords: Authorities of Bosnia and Herzegovina, BiH authorities, Budget planning and preparation, Exposure vis-à-vis Bosnia and Herzegovina, Global, Pension spending, RS government, Teams meet

Publication Details

Pages:

96
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/348
Stock No:

1BIHEA2010003
ISBN:

9781455212699
ISSN:

1934-7685

Notes

Also available in Bosnian

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