Republic of Croatia: Second Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria

Republic of Croatia: Second Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria
ISBN-10
1451817363
ISBN-13
9781451817362
Series
Republic of Croatia
Category
Business & Economics
Pages
76
Language
English
Published
2003-11-18
Publisher
International Monetary Fund
Author
International Monetary Fund

Description

Croatia continues to enjoy economic growth, price stability, and rising international reserves under the Stand-By Arrangement. Executive Directors commended this and stressed the need for prudent macroeconomic policies, structural reforms, fiscal consolidation, and tight monetary policy. They appreciated partial privatization of the state-owned oil company and strengthening of the financial supervision. They also emphasized the need to focus on restructuring and privatization of public enterprises to sustain high rates of economic growth and advance the prospects of Croatia's European Union accession.

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