ZAGREB, Nov 23 (Hina) - An International Monetary Fund (IMF) delegation, headed by Hans Flickenschild, believes very encouraging results have been accomplished in the Croatian economy, the Croatian National Bank said in a statement
Friday. The purpose of a two-week visit of the delegation to Croatia is gaining an insight into current economic and financial movements related to the realisation of the existing stand-by arrangement with the IMF. The IMF delegation showed interest in the information that the key macro-economic indicators in 2001 will be better than expected. The inflation rate will be below the announced 4.5 percent, the stability of the national currency is being successfully maintained, Croatia's foreign currency reserves are high, and it can be concluded from available data that the balance on current account's deficit for 2001 will not exceed four to five percent of GDP. An estimate that GDP will incr
ZAGREB, Nov 23 (Hina) - An International Monetary Fund (IMF)
delegation, headed by Hans Flickenschild, believes very
encouraging results have been accomplished in the Croatian
economy, the Croatian National Bank said in a statement Friday.
The purpose of a two-week visit of the delegation to Croatia is
gaining an insight into current economic and financial movements
related to the realisation of the existing stand-by arrangement
with the IMF.
The IMF delegation showed interest in the information that the key
macro-economic indicators in 2001 will be better than expected. The
inflation rate will be below the announced 4.5 percent, the
stability of the national currency is being successfully
maintained, Croatia's foreign currency reserves are high, and it
can be concluded from available data that the balance on current
account's deficit for 2001 will not exceed four to five percent of
GDP. An estimate that GDP will increase by 4.2 percent, which is
more than expected, bears witness to economic revival, the
statement said.
(hina) np sb