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CRO FINANCE MINISTER SPEAKS AT IMF, WORLD BANK ASSEMBLY

PRAGUE/ZAGREB, Sept 27 (Hina) - The Croatian Government is doing everything to solve old accumulated problems and secure a long-term stabile sustainable development. After last year's slide of the Gross Domestic Product by 0.3 per cent, this year is expected to see an economic growth of four per cent, Croatian Finance Minister Mato Crkvenac said at the annual assembly of the International Monetary Fund and World Bank taking place in Prague. Crkvenac pointed out the government's efforts in solving accumulated problems such as old state debts, high rate of illiquidity, high rate of public expenditure, difficulties in the health and pension systems. Besides Crkvenac's well received speech at the plenary session, members of the Croatian delegation held talks with representatives of international financial institutions. The Croatian representatives also held talks with the vice-president of the
PRAGUE/ZAGREB, Sept 27 (Hina) - The Croatian Government is doing everything to solve old accumulated problems and secure a long-term stabile sustainable development. After last year's slide of the Gross Domestic Product by 0.3 per cent, this year is expected to see an economic growth of four per cent, Croatian Finance Minister Mato Crkvenac said at the annual assembly of the International Monetary Fund and World Bank taking place in Prague. Crkvenac pointed out the government's efforts in solving accumulated problems such as old state debts, high rate of illiquidity, high rate of public expenditure, difficulties in the health and pension systems. Besides Crkvenac's well received speech at the plenary session, members of the Croatian delegation held talks with representatives of international financial institutions. The Croatian representatives also held talks with the vice- president of the World Bank, Johannes Linn, about economic policy and projection of the three-year government budget and measures with which the government means to ensure the realisation of the budget. The talks accentuated the need to decrease public expenditure, the reform of the health and pension systems, and the acceleration of the privatisation of public companies, the Finance Minister's spokeswoman, Sanja Mardjenko Kurecic, said Wednesday. (hina) lml jn

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