Republic of Croatia: 2011 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Croatia
July 1, 2011
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In this study, the economic stability of Croatia is overviewed after the global crisis. The reforms outlined in the government’s economic recovery program (ERP) are in progress. Judicial reforms are instituted to strengthen bankruptcy procedures for companies. To improve the medium-term growth prospects of the economy, there is a need to tackle the structural rigidities. Executive Directors agreed that monetary policy should aim at gradually building up reserves in order to increase Croatia’s resilience to external vulnerabilities, while exercising caution toward shifts
Subject: Banking, Currencies, Exchange rate arrangements, Expenditure, External debt, Money, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM)
Keywords: authorities fear, authority, CR, Currencies, Europe, foreign currency, Global, IMF staff estimate, ISCR, PFM legal and regulatory frameworks, rate, Republic of Croatia executive board meeting, staff appraisal
Pages:
64
Volume:
2011
DOI:
Issue:
159
Series:
Country Report No. 2011/159
Stock No:
1HRVEA2011001
ISBN:
9781455292691
ISSN:
1934-7685
