Bosnia and Herzegovina: Sixth and Seventh Reviews Under the Stand-By Arrangement and Requests for Augmentation of Access and Modification of Performance Criteria

International Monetary Fund

No 2014/189, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Bosnia and Herzegovina’s Sixth and Seventh Reviews Under the Stand-By Arrangement and Requests for Augmentation of Access and Modification of Performance Criteria (PC). Program performance became more uneven in late 2013 and early 2014, reflecting both economic factors and delays in policy implementation. Fiscal policies were broadly on track, but two end-December 2013 fiscal PCs were missed. As revenue collection steadily improved, all end-March 2014 PCs were met. Given the authorities’ overall performance and corrective actions, the IMF staff recommends the completion of the sixth and seventh reviews.

Keywords: ISCR; CR; reconstruction phase; augmentation of the SBA; SDR; deficit; IMF Executive Board; SBA tranche; Executive Board's discussion; economy of BiH; Financial derivatives and employee stock options (financial account); Loans; Securities; Europe (search for similar items in EconPapers)
Pages: 61
Date: 2014-07-03
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