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BRIEF NEWS BULLETIN IN ENGLISH NO.3848 HINA ZAGREB, 20 DECEMBER 2000

CROATIA, IMF REACH STAND-BY ARRANGEMENT AGREEMENTZAGREB, Dec 20 (Hina) - The Croatian government and an International Monetary Fund (IMF) delegation on Wednesday reached a preliminary agreement on signing a stand-by arrangement worth 200 million special drawing rights. The preliminary agreement was reached after numerous talks with the Croatian government and the Croatian National Bank (HNB), delegation head Hans Flickenschild told a joint press conference with Prime Minister Ivica Racan. Flickenschild said the final agreement could be signed in late February, after all materials were submitted to head committees at the IMF. Prime Minister Racan said the agreement provided Croatia with IMF's support for a "difficult, not easy economic programme to overcome the crisis, for development and new jobs." "The talks were long and fruitful... I would like to express my satisfaction with the impending stan

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