Bosnia and Herzegovina: Second Review Under the Stand-By Arrangement and Requests for Waivers of Applicability and Modification of Performance Criteria —Staff Report; Press Release; and Statement by the Executive Director
May 17, 2013
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The economy of Bosnia and Herzegovina, which is strongly connected to Europe through trade and financial channels, continues to pay a high price for the tough conditions in the area. The paper discuss that, following low demand in its trading partners, exports slumped in 2012 by 7.5 percent, dragging the economy to an export-led recession that resulted in a contraction of economic activity by 0.7 percent. The share of government spending in GDP fell by almost a percentage point, offsetting completely the automatic stabilizers.
Subject: Balance of payments, Capital spending, Expenditure, External debt, Financial derivatives and employee stock options (financial account), Financial institutions, Pension spending, Securities
Keywords: authorities of BiH, BiH economy, Bosnia-Herzegovina, Capital spending, CR, economy of Bosnia and Herzegovina, Europe, federation of BiH, Financial derivatives and employee stock options (financial account), Global, ISCR, NPL resolution framework, Pension spending, SDR, Securities
Pages:
52
Volume:
2013
DOI:
Issue:
121
Series:
Country Report No. 2013/121
Stock No:
1BIHEA2013001
ISBN:
9781484371206
ISSN:
1934-7685
