IMF Staff Country Reports

Bosnia and Herzegovina : Fifth Review Under the Stand-By Arrangement and Request for Waivers of Applicability and Extension and Augmentation of the Arrangement

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

February 11, 2014

Electronic Access:

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Summary:

This paper discusses Bosnia and Herzegovina’s Fifth Review Under the Stand-by Arrangement and Requests for Waivers of Applicability and Extension and Augmentation of the Arrangement. Policy implementation remains strong despite a challenging environment. All end-September 2013 performance criteria (PCs) and indicative targets were met. A modest recovery in economic activity continues, supported by strong exports. Growth is estimated to have reached close to 1 percent in 2013 and is projected to pick up further in 2014 in line with developments in Europe. The banking sector is broadly stable but remains burdened by rising nonperforming loans.

Series:

Country Report No. 14/39

Subject:

Banking sector Bosnia and Herzegovina Budgets Economic growth Economic indicators Extended arrangement requests Fiscal policy Fiscal reforms Performance criteria waivers Press releases Staff Reports Stand-by arrangement reviews Unemployment