ZAGREB, Feb 1 (Hina) - The Croatian government on Thursday adopted a Memorandum on an agreement with the International Monetary Fund, which is to be considered by the IMF Committee of Directors on March 19. The agreement with the IMF
would be in force for 18 months and put 200 million of special drawing rights at Croatia's disposal (about 250 million dollars). However, we have signed in the memorandum that we will not draw those funds unless they are particularly needed, Finance Minister Mato Crkvenac said. The Memorandum is important for the improvement of Croatia's position on the international financial market and it reflects the government's economic policy for which an accelerated economic growth of an initial 4.5 percent is a priority, Crkvenac said announcing a decrease in some interest rates. A letter of intent accepting the IMF Memorandum was signed in line with a government decision by Vice Premier Slavko Lini
ZAGREB, Feb 1 (Hina) - The Croatian government on Thursday adopted a
Memorandum on an agreement with the International Monetary Fund,
which is to be considered by the IMF Committee of Directors on March
19.
The agreement with the IMF would be in force for 18 months and put
200 million of special drawing rights at Croatia's disposal (about
250 million dollars). However, we have signed in the memorandum
that we will not draw those funds unless they are particularly
needed, Finance Minister Mato Crkvenac said.
The Memorandum is important for the improvement of Croatia's
position on the international financial market and it reflects the
government's economic policy for which an accelerated economic
growth of an initial 4.5 percent is a priority, Crkvenac said
announcing a decrease in some interest rates.
A letter of intent accepting the IMF Memorandum was signed in line
with a government decision by Vice Premier Slavko Linic, Finance
Minister Mato Crkvenac and Croatian National Bank Governor Zeljko
Rohatinski.
The government sent into urgent parliamentary procedure a bill
which would ratify the Rome Statute of the International Penal
Court, which has been signed by more than 100 and ratified by 29
countries. For the statute to go in force, it must be ratified by 60
states and those which enter that quota will have certain
privileges, for example in the appointment of judges and the like,
Justice Minister Stjepan Ivanisevic said.
The government adopted a regulation on conditions and measures for
housing care in the areas of special state concern, under which
persons occupying private property whose restitution has been
requested by the actual owner will have advantage in the process of
provision of alternative accommodation.
The government also adopted a decision on starting a procedure for
the signing of a framework agreement on a loan for a 464-million-
kuna-worth project of return of refugees and displaced persons,
including reconstruction and accommodation, with the European
Council Development Bank. Half of the project would be financed
with the loan.
(hina) sb rml