IMF Staff Country Reports

Bosnia and Herzegovina: Request for Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina

Publication Date:

July 30, 2009

Electronic Access:

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Summary:

This paper discusses the request from the Bosnia and Herzegovina authorities for a Stand-By Arrangement. The global financial and economic crisis hit Bosnia and Herzegovina when the overheating was already raising doubts about the sustainability of the economic expansion. The authorities’ comprehensive financial sector strategy aims at strengthening the banking sector and improving crisis preparedness. IMF staff supports the authorities’ plans to enhance the monitoring of financial stability by establishing a standing committee in charge of crisis prevention and management, and by signing a formal memorandum of understanding on cooperation.

Series:

Country Report No. 2009/226

Subject:

Banking Credit Currency boards Expenditure External debt Fiscal policy Foreign exchange Money

Notes:

Also available in Bosnian