Republic of Croatia : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

May 16, 2008

Electronic Access:

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Summary:

The first analysis focuses on external stability, an important issue in view of Croatia’s external imbalances and the requirements of the IMF’s 2007 Decision on Bilateral Surveillance. The paper shows that the real exchange rate is broadly in line with economic fundamentals and that external debt dynamics are sustainable as long as macroeconomic policies remain strong. The second analysis finds significant inefficiencies in Croatia’s social spending. It also discusses several reform measures to reduce inefficiencies in public spending and generate budgetary savings to reduce the general government deficit.

Series:

Country Report No. 08/159

Subject:

English

Publication Date:

May 16, 2008

ISBN/ISSN:

9781451817478/1934-7685

Stock No:

1HRVEA2008002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

71

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