The delegation, which comprises Finance Minister Ivan Suker, central bank governor Zeljko Rohatinski and representatives of the Croatian Bank for Reconstruction and Development, is attending the World Bank and International Monetary Fund spring meetings.
On Saturday, the delegation met Assaad Jabre, vice president of the World Bank's International Finance Corporation, and Yukiko Omurao, vice president of the World Bank's Multilateral Investment Guarantee Agency (MIGA).
Speaking to the Croatian press afterwards, Suker said it had been agreed that contacts would be established with a new investment promotion agency in Croatia to encourage investors to come to Croatia.
He said it had been concluded that the lack of investment in Croatia might be due to certain political circumstances, and added he expected this obstacle to be removed, also with MIGA's assistance once Croatia's European Union entry negotiations are launched.
On Monday, the Croatian delegation is due to hold talks with IMF representatives.
Suker said the talks were likely to conclude that Croatia had made an outstanding effort in fiscal adjustment to IMF criteria although in 2004 the deficit was 4.9 per cent instead of the 4.5 per cent envisaged by the stand-by arrangement with the IMF.
"It's very important to say that we've put issued guarantees under control and reduced them considerably in relation to previous years. Public companies' debts are also under control," said Suker.
He recalled that an IMF mission was due to arrive in Croatia in May, when criteria for 2005 would be set.
Suker said Croatia had to carry out structural reforms because the EU might set them as one of the requirements to join.
Croatia's latest stand-by arrangement with the IMF was signed for 16 months. It covers part of 2004 and the entire 2005. The final review might be in 2006.
Suker said he expected Croatia's EU entry negotiations to be launched by then. He added such arrangements would then no longer be necessary because the financial situation in Croatia would be controlled by an EU finance commission.
The minister dismissed criticisms in the Croatian public that the state was insolvent and that there was a hole in the budget, saying such criticisms were just a reflection of political battles in the country. He said nothing was happening in the national budget that had not happened in the past.