BRIEF NEWS BULLETIN IN ENGLISH NO.4702 HINA Zagreb, 6 August 2002

HR-POLITICS-Politika BRIEF NEWS BULLETIN IN ENGLISH NO.4702 HINA Zagreb, 6 August 2002 IMF EXECUTIVE BOARD CONSIDERS REPORT ON CROATIAZAGREB, Aug 6 (Hina) - The Executive Committee of the International Monetary Fund on Monday night, Croatian time, discussed a report on annual consultations which an IMF delegation conducted with the Croatian authorities at the end of May and the start of June this year in compliance with Article IV of the IMF Statue. According to the report compiled by the delegation, in the past two years, significant growth has been marked however, unemployment is still high...short-term prospects for further growth are favourable although unsure, the Croatian National Bank stated on Tuesday. This is followed by estimates that the stability of the exchange rate and structural changes have contributed to decreasing inflation to a level lower than in the Euro zone; despite rehabilitation of private investments and the commencement of major public works but thanks to the