Bosnia and Herzegovina : First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of a Performance Criterion —Staff Report; Press Release; and Statement by the Executive Director

Publication Date: December 27, 2012
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Summary: Bosnia and Herzegovina’s (Bah) economy started to lose steam in early 2012 as growth slowed in Europe. Intensification of the euro area crisis further affected Bin's growth outlook. However, measures such as limiting the expenditure at the central government level and targeting overall general government spending by 1 percentage point of GDP in 2013 aim to improve the economy. Comprehensive reforms of rights-based benefits are also identified, which are imperative for both medium-term fiscal sustainability and improving the functioning of labor markets.
Series: Country Report No. 12/344
Subject(s): Stand-by arrangement reviews | Fiscal policy | Fiscal consolidation | Private sector | Fiscal reforms | Public sector | Bank supervision | Letters of Intent | Staff Reports | Press releases | Performance criteria waivers | Bosnia and Herzegovina

Publication Date: December 27, 2012
ISBN/ISSN: 9781475583717/1934-7685 Format: Paper
Stock No: 1BIHEA2012002 Pages: 45
US$18.00 (Academic Rate:
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