Republic of Croatia: Request for Stand-By Arrangement

International Monetary Fund

No 2003/027, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the Croatia’s Request for a Stand-By Arrangement (SBA). Despite a disappointing merchandise trade performance, strong exports of services and private transfers have helped restrain the current account deficit. The authorities' program for 2003 constitutes a major step toward long-term fiscal sustainability and higher economic growth. The authorities recognize that more needs to be done in the future to boost the population’s standard of living and put Croatia on a firm path of real convergence with the European Union. The IMF staff supports the authorities’ request for a SBA.

Keywords: ISCR; CR; twelve-month rate; headline inflation; core inflation; privatization receipt; core rate of inflation; government debt guarantee; appreciation pressure; International reserves; Currencies; Europe; Global; Western Europe; Eastern Europe (search for similar items in EconPapers)
Pages: 95
Date: 2003-02-11
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