Bosnia and Herzegovina: Request for Stand-By Arrangement
August 28, 2002
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This report highlights Bosnia and Herzegovina's Request for Stand-By Arrangement (SBA). The authorities have requested a 15-month SBA in the amount of SDR 67.6 million (40 percent of quota) for June 2002–September 2003. Private investment and FDI remain mired in concerns over political risks, the hostile business environment, and infrastructure bottlenecks. Fixed investment outside government, construction, and reconstruction is low—perhaps 10 percent of GDP, and construction is slowing as aid inflows are curtailed. Significant fiscal consolidation appears to have been achieved in 2001 and fiscal structures have been strengthened.
Subject: Arrears, Budget planning and preparation, Debt service, Expenditure, External debt, Public financial management (PFM)
Keywords: Arrears, Budget planning and preparation, CR, debt service, Debt service, enterprise activity, federation, federation budget law, federation privatization law, ISCR, RS authority, RS electricity utility, RS pension fund, tax enforcement
Pages:
85
Volume:
2002
DOI:
Issue:
191
Series:
Country Report No. 2002/191
Stock No:
1BIHEA0032002
ISBN:
9781451804867
ISSN:
1934-7685
