Bosnia and Herzegovina [electronic resource] : Second and Third Reviews Under the Stand-By Arrangement.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 03/204Publication details: Washington, D.C. : International Monetary Fund, 2003Description: 1 online resource (89 p.)ISBN: 1451804849 :ISSN: 1934-7685Subject(s): Budget | Central Bank | Debt | External Debt | Stand-By Arrangement Reviews | Bosnia and HerzegovinaAdditional physical formats: Print Version:: Bosnia and Herzegovina : Second and Third Reviews Under the Stand-By ArrangementOnline resources: IMF e-Library | IMF Book Store Abstract: Activity and fiscal policy continue to exceed expectations, but strong bank credit growth has fuelled a sharp increase in the current account deficit. In this context, the new administrations recognize the need to establish the macroeconomic stability quickly. These actions are supported by strengthened bank regulations. The new administrations recognize the need for sweeping structural reforms if their aspirations to eventual EU membership and sustained growth are to be realized. But with unemployment high and with large aid inflows set to decline further, risks remain.
Activity and fiscal policy continue to exceed expectations, but strong bank credit growth has fuelled a sharp increase in the current account deficit. In this context, the new administrations recognize the need to establish the macroeconomic stability quickly. These actions are supported by strengthened bank regulations. The new administrations recognize the need for sweeping structural reforms if their aspirations to eventual EU membership and sustained growth are to be realized. But with unemployment high and with large aid inflows set to decline further, risks remain.
Description based on print version record.
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