Republic of Croatia: First Review of the Stand-By Arrangement

International Monetary Fund

No 2001/209, IMF Staff Country Reports from International Monetary Fund

Abstract: The Croatian authorities are likely to either meet or exceed the original growth, inflation, and international reserves objectives under the Stand-By Arrangement. Executive Directors commended the program, and stressed the need to maintain fiscal sustainability, and reduce public wages and employment from unsustainable levels. They welcomed the Croatian National Bank for pursing price stability, and emphasized the need to maintain fiscal and monetary policies, and accelerate structural reforms. Directors agreed that Croatia has successfully completed the first review under the Stand-By Arrangement.

Keywords: ISCR; CR; government; deficit; market condition; authorities' reform program; employee; reform program; deficit target; expenditure reduction; authorities' effort; International reserves; Privatization; Currencies; Exchange rates; Global (search for similar items in EconPapers)
Pages: 91
Date: 2001-11-20
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