WASHINGTON, Feb 5 (Hina) - During Thursday's talks with Croatian National Bank (HNB) Governor Marko Skreb, representatives of the International Monetary Fund (IMF), the World Bank, as well as U.S. officials wanted to acquaint
themselves with the developments in the Croatian economy, particularly with the situation in Croatian banks. Concluding his sojourn in Washington, Governor Skreb met officials of the two international institutions, the U.S. Central Bank and Finance Department. At the separate talks with Michel Deppler, a director in the IMF, and representatives of the World Bank, Skreb discussed the forthcoming arrival of missions of the IMF and the World Bank in Croatia. World Bank experts are expected to help to complete the creation of the legal system in Croatia, in accordance to needs of the market economy. All interlocutors were interested in the functioning of Croatian banks
WASHINGTON, Feb 5 (Hina) - During Thursday's talks with Croatian
National Bank (HNB) Governor Marko Skreb, representatives of the
International Monetary Fund (IMF), the World Bank, as well as U.S.
officials wanted to acquaint themselves with the developments in
the Croatian economy, particularly with the situation in Croatian
banks.
Concluding his sojourn in Washington, Governor Skreb met officials
of the two international institutions, the U.S. Central Bank and
Finance Department.
At the separate talks with Michel Deppler, a director in the IMF,
and representatives of the World Bank, Skreb discussed the
forthcoming arrival of missions of the IMF and the World Bank in
Croatia.
World Bank experts are expected to help to complete the creation of
the legal system in Croatia, in accordance to needs of the market
economy.
All interlocutors were interested in the functioning of Croatian
banks, particularly in the supervision which the HNB is exercising
over them.
Skreb notified them of draft bills on banks and of solutions for the
Zupanjska, Osjecka Gradska, Commercial and Glumina banks.
IMF representatives warned that by conservative fiscal and
monetary policy Croatia must maintain a balanced budget and should
not allow the expenditure to exceed the revenue.
World Bank officials wanted to be informed about the transformation
of big public companies in Croatia.
Yesterday, the Wall Street Journal published a large article about
plans of Croatia to privatise telecommunications and some other
public companies. The article, which appeared on Thursday with no
connection with Skreb's talks, said that the country would get not
only necessary money but also systems which can function in
accordance with market principles.
Skreb and officials from U.S. Central Bank and Finance Department
also talked about developments in the world economy, the impact of
Latin American crisis and the Euro introduction.
(hina) mm ms