Republic of Croatia: Second Review Under the Stand-By Arrangement and Requests for Extension and Augmentation of the Arrangement, Rephasing of Purchases, and Waiver of Nonobservance of Performance Criterion
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Summary:
The staff report for the Second Review Under the Stand-By Arrangement (SBA) on the Republic of Croatia highlights fiscal policy and monetary and financial sector policies. The policy implementation under this SBA has yielded sizable fiscal consolidation and advances in structural reforms, despite some snags. The authorities have taken a number of measures to discourage external borrowing, address foreign currency-related credit risk, and strengthen supervision. The health reform aims at improving the financial situation in the sector and rationalizing public spending on health.
Series:
Country Report No. 2006/128
Subject:
Banking Currencies Economic sectors External debt Government debt management Money Privatization Public debt Public financial management (PFM)
English
Publication Date:
April 3, 2006
ISBN/ISSN:
9781451817423/1934-7685
Stock No:
1HRVEA2006001
Pages:
74
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