Bosnia and Herzegovina: First Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria
January 7, 2003
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This paper assesses Bosnia and Herzegovina’s First Review Under the Stand-By Arrangement and a Request for Waiver of Performance Criteria. Good progress has been made under the program. Economic activity and fiscal consolidation have exceeded expectations, inflation is low, and fiscal and structural reforms proceed apace. GDP is expected to grow 4 percent in 2002, up from the programmed 2¼ percent, reflecting strengthened industrial activity and good harvests, buoyed by booming bank credit to households.
Subject: Arrears, Banking, Budget planning and preparation, Debt service, Expenditure, External debt, Public financial management (PFM)
Keywords: Arrears, budget, Budget planning and preparation, CR, Debt service, executive board discussion, IMF Approves, IMF staff representative, ISCR, performance criteria ceiling, poverty reduction strategy paper, staff appraisal
Pages:
94
Volume:
2003
DOI:
Issue:
004
Series:
Country Report No. 2003/004
Stock No:
1BIHEA0012003
ISBN:
9781451804805
ISSN:
1934-7685
