Republic of Croatia; Second Review Under the Stand-By Arrangement and Requests for Extension and Augmentation of the Arrangement, Rephasing of Purchases, and Waiver of Nonobservance of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Croatia

The staff report for the Second Review Under the Stand-By Arrangement (SBA) on the Republic of Croatia highlights fiscal policy and monetary and financial sector policies. The policy implementation under this SBA has yielded sizable fiscal consolidation and advances in structural reforms, despite some snags. The authorities have taken a number of measures to discourage external borrowing, address foreign currency-related credit risk, and strengthen supervision. The health reform aims at improving the financial situation in the sector and rationalizing public spending on health.

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Year of publication:	2006-04-03
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic indicators \| Public debt \| Staff Reports \| Stand-by arrangement extension \| external debt \| current account \| repayments \| government deficit \| current account deficit \| external borrowing \| government debt \| fiscal consolidation \| debt service \| balance of payments \| fiscal policy \| reserve assets \| debt sustainability \| aggregate demand \| debt ratio \| public finances \| central bank \| short-term debt \| debt stock \| budgetary funds \| public sector debt \| repurchases \| current account balance \| fiscal balance \| primary deficit \| external financing \| foreign borrowing \| accumulation of arrears \| foreign debt \| debt dynamics \| debt management \| fiscal adjustment \| external debt sustainability \| domestic currency \| tax administration \| debt statistics \| fiscal deficit \| fiscal management \| net external debt \| public expenditure \| external debt service \| public spending \| fiscal impact \| total external debt \| debt obligations \| debt sustainability analysis \| external payments \| quasi-fiscal deficit \| budget balance \| domestic financing \| external payments arrears \| tax policy \| fiscal operations \| external debt data \| external indebtedness \| debt data \| fiscal discipline \| fiscal performance \| expenditure restraint \| budget projections \| reserve management \| debt requirements \| fiscal action \| primary budget balance \| total debt stock \| government revenue \| interest expenditure \| fiscal reporting \| fiscal deficits \| fiscal decentralization \| private sector borrowing \| budget consolidation \| tax performance \| external liabilities \| fiscal position \| long-term loans \| long-term debt \| debt service to export \| capital expenditure \| fiscal consolidation efforts \| domestic saving \| imf repurchases \| central government budget \| external obligations \| tax burden \| general resources account \| imf purchases \| quasi-fiscal deficits \| foreign indebtedness \| domestic savings \| budget deficit \| fiscal sustainability \| fiscal objectives \| fiscal outlook \| debt service to exports \| external debt accumulation \| fiscal stimulus \| currency risk \| public debt management \| debt accumulation \| debt servicing \| external debt statistics \| tax rates \| debt management department \| debt restructuring \| government expenditure \| budget management \| debt burden \| general government expenditure \| fiscal transparency \| government budget \| fiscal assumptions \| external debt servicing \| reserve accumulation \| debt staff \| deficit financing

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 06/128 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242977