Republic of Croatia: Request for Stand-By Arrangement

February 11, 2003

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Republic of Croatia: Request for Stand-By Arrangement, (USA: International Monetary Fund, 2003) accessed September 20, 2024

Summary

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.

Subject: Central banks, Currencies, External debt, Foreign exchange, International reserves, Money, Public debt

Keywords: Appreciation pressure, Core inflation, Core rate of inflation, CR, Currencies, Eastern Europe, Europe, Global, Government debt guarantee, Headline inflation, International reserves, ISCR, Privatization receipt, Twelve-month rate, Western Europe

Publication Details

Pages:

95
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/027
Stock No:

1HRVEA0012003
ISBN:

9781451817287
ISSN:

1934-7685

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