Republic of Croatia: Staff Report for the 2004 Article IV Consultation and Request for Stand-By Arrangement

International Monetary Fund

No 2004/253, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Croatia’s 2004 Article IV Consultation and Request for Stand-By Arrangement (SBA). Croatia has established a record of solid growth and low inflation since the mid-1990s. Real GDP growth has averaged about 4.5 percent, with inflation in the low single digits. This performance compares well with the European Union-15 (EU-15) and other Central and Eastern European countries (CEECs). Structural reform has also advanced, and the private sector is vibrant. To support their policies for 2004–05, the authorities have requested a new 20-month SBA, which they intend to treat as precautionary.

Keywords: ISCR; CR; government; EU candidacy status; monetary policy; EU accession; spending priority; Stand-By Arrangement; Executive Board discussion of the Republic of Croatia; bank liquidity; Maastricht deficit ceiling; Current account deficits; International reserves; Eastern Europe; Global (search for similar items in EconPapers)
Pages: 90
Date: 2004-08-12
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