Czech Republic: Staff Report for the 2002 Article IV Consultation

August 7, 2002

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Czech Republic: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed September 19, 2024

Summary

This 2002 Article IV Consultations highlights that following a period of inaction on the structural front and a protracted recession, economic growth in the Czech Republic has picked up. Underlying this performance have been supportive macroeconomic policies, large foreign direct investment, and steady progress with structural reform. However, enterprise restructuring has led to rising structural unemployment and large regional disparities in unemployment rates. Sizable losses were accumulated by banks, which had to be transferred to the government to allow the banks to be sold to strategic investors, adding to medium-term fiscal pressures.

Subject: Balance of payments, Expenditure, External debt, Foreign direct investment, Government debt management, Inflation, Prices, Public financial management (PFM)

Keywords: CR, Deficit, EMU accession, Euro rate, FDI inflow, Foreign direct investment, Global, Government, Government debt management, Inflation, ISCR, Koruna, Maastricht deficit criterion, Privatization, Privatization receipt

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/167
Stock No:

1CZEEA0012002
ISBN:

9781451810059
ISSN:

1934-7685

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