Bosnia and Herzegovina: Request for Stand-By Arrangement

International Monetary Fund

No 2002/191, IMF Staff Country Reports from International Monetary Fund

Abstract: This report highlights Bosnia and Herzegovina's Request for Stand-By Arrangement (SBA). The authorities have requested a 15-month SBA in the amount of SDR 67.6 million (40 percent of quota) for June 2002–September 2003. Private investment and FDI remain mired in concerns over political risks, the hostile business environment, and infrastructure bottlenecks. Fixed investment outside government, construction, and reconstruction is low—perhaps 10 percent of GDP, and construction is slowing as aid inflows are curtailed. Significant fiscal consolidation appears to have been achieved in 2001 and fiscal structures have been strengthened.

Keywords: ISCR; CR; RS authority; federation privatization law; RS pension fund; federation; RS electricity utility; federation budget law; debt service; enterprise activity; tax enforcement; Arrears; Debt service; Budget planning and preparation (search for similar items in EconPapers)
Pages: 85
Date: 2002-08-28
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