BRIEF NEWS BULLETIN IN ENGLISH NO. 5077 HINA Zagreb, 15 September 2003

WORLD BANK: DEEPENING, ACCELERATING REFORMS - MAIN CHALLENGEBRUSSELS/ZAGREB, Sept 15 (Hina) - The main challenge Croatia is facing is deepening and accelerating reforms to promote competitiveness and increase the living standards of all, said Anand K. Seth, the new World Bank's director for South and Central Europe, presenting the World Bank study "Economic Memorandum for Croatia: A Strategy for Economic Growth Through European Integration" in Brussels on Monday. The study analyses Croatia's economic achievements so far, as well as its future challenges, and offers reform and economic policy options which promote sustainable growth in line with the implementation of the country's Stabilisation and Association Agreement (SAA) with the European Union. Sustainable development and compliance with the SAA will be critical for the country's integration into Europe, reads a joint statement released by