Bosnia and Herzegovina: Staff Report for the First Review Under the Stand-By Arrangement

International Monetary Fund

No 2010/101, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for Bosnia and Herzegovina’s (BiH) first review under the Stand-By Arrangement is presented. The precipitous drop in demand for BiH’s exports and the drying up of foreign direct investment triggered a sharp decline in private investment. Tightening credit conditions and the ensuing uncertainty put a further squeeze on spending on capital goods and consumer durables. Private consumption of nondurables softened but to a lesser extent, on the back of moderate growth in wages and social benefits.

Keywords: ISCR; CR; exposure vis-à-vis Bosnia and Herzegovina; authorities of Bosnia and Herzegovina; envisaged measures aim; program objective; Bosnia and Herzegovina's competitiveness; Budget planning and preparation; Commercial banks; Global (search for similar items in EconPapers)
Pages: 67
Date: 2010-04-30
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