Bosnia and Herzegovina : Second and Third Reviews Under the Stand-By Arrangement

1BIHEA0022003 Image
Price:  $15.00

Release Date: © July, 2003
ISBN : 978-1-45180-484-3
Stock #: 1BIHEA0022003
English
Stock Status: On back-order

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Description

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.




More publications in this series: IMF Staff Country Reports