IMF Staff Country Reports

Republic of Croatia: Request for Stand-By Arrangement

Publication Date:

February 11, 2003

Electronic Access:

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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.

Series:

Country Report No. 2003/027

Subject:

Central banks Currencies External debt Foreign exchange International reserves Money Public debt