Bosnia and Herzegovina: Request for Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina

International Monetary Fund

No 2009/226, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the request from the Bosnia and Herzegovina authorities for a Stand-By Arrangement. The global financial and economic crisis hit Bosnia and Herzegovina when the overheating was already raising doubts about the sustainability of the economic expansion. The authorities’ comprehensive financial sector strategy aims at strengthening the banking sector and improving crisis preparedness. IMF staff supports the authorities’ plans to enhance the monitoring of financial stability by establishing a standing committee in charge of crisis prevention and management, and by signing a formal memorandum of understanding on cooperation.

Keywords: ISCR; CR; federation canton; staff appraisal; headline inflation; authority; IMF staff representative; restrictive budget; adequate capitalization; Credit; Currency boards; Global (search for similar items in EconPapers)
Pages: 76
Date: 2009-07-30
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