Bosnia and Herzegovina: Second and Third Reviews Under the Stand-By Arrangement

International Monetary Fund

No 2003/204, IMF Staff Country Reports from International Monetary Fund

Abstract: Activity and fiscal policy continue to exceed expectations, but strong bank credit growth has fuelled a sharp increase in the current account deficit. In this context, the new administrations recognize the need to establish the macroeconomic stability quickly. These actions are supported by strengthened bank regulations. The new administrations recognize the need for sweeping structural reforms if their aspirations to eventual EU membership and sustained growth are to be realized. But with unemployment high and with large aid inflows set to decline further, risks remain.

Keywords: ISCR; CR; RS government; authority; authorities of Bosnia and Herzegovina; Bosnia-Herzegovina; reform effort; State Court of BiH; expenditure ceiling; BIH authorities; Arrears; Budget planning and preparation; Debt service (search for similar items in EconPapers)
Pages: 89
Date: 2003-07-09
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