ZAGREB, Dec 4 (Hina) - Distinguished Chilean economic expert Hernan
B. Buc held a press-conference on Saturday during his visit to
Croatia.
His talks with journalists revolved around the issue of the
results of the implementation of the Croatian Government's
stabilization programme and its comparison with the experiences in
other countries on this field.
Chilean expert Buc, the creator of the economic revival of Chile,
said that he had been informed of the basic elements of the
Croatian Government's programme during his stay in Croatia. He
pointed out that the first results of the stabilization programme
were very good, and the month inflation rate had decreased on the
low level in a short period of time. Mr. Buc added that the
reconstruction of the economy should be undertaken as a further
step, what might be a more difficult task in overcoming
psychological obstacles in reducing prices. The economic problems
are usually common to many countries, according to this Chilean
expert, whereas various stabilization programmes usually reach
positive first results. But, there are not many countries that
manage to implement the whole stabilization programme which will
yield success later. Therefore, Mr. Buc stressed the importance to
be consistent and persistent in the implementation of the
stabilization measures.
Mr. Buc pointed out the fact the Croatian Government commenced its
stabilization programme under hard, war circumstances. He added
that the social consensus had been already reached in Croatia, what
was important for the implementation of the stabilization
programme.
According to him, no universal stabilization programme exists
which could be everywhere applied with the same success.
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