Bosnia and Herzegovina: First Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria

International Monetary Fund

No 2003/004, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Bosnia and Herzegovina’s First Review Under the Stand-By Arrangement and a Request for Waiver of Performance Criteria. Good progress has been made under the program. Economic activity and fiscal consolidation have exceeded expectations, inflation is low, and fiscal and structural reforms proceed apace. GDP is expected to grow 4 percent in 2002, up from the programmed 2¼ percent, reflecting strengthened industrial activity and good harvests, buoyed by booming bank credit to households.

Keywords: ISCR; CR; IMF Approves; poverty reduction strategy paper; budget; performance criteria ceiling; staff appraisal; executive board discussion; IMF staff representative; Arrears; Budget planning and preparation; Debt service (search for similar items in EconPapers)
Pages: 94
Date: 2003-01-07
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