According to Rohatinski, projections of further developments should take into account three important restrictive factors: a decline in exports, reduction of foreign direct investments and more difficult conditions and more unfavourable prices of loans taken abroad.
These factors impose the need to reduce the current account deficit, which requires austerity measures, notably economies in the state budget, reads a press release issued by the HNB.
All of this will inevitably lead to a fall in Gross Domestic Product, the press release reads.
The country's monetary policy is facing two important tasks: maintaining the stability of the kuna exchange rate and preventing a credit collapse.
This year, EUR 12 billion of credits' capital sum and interest rates is due to be paid to foreign creditors.
One-sixth of the amount should be paid by the government, which intends to raise the funds by issuing eurobonds, the press release reads.
A larger part of the debt refers to banks and companies, and available statistics for January show that both sectors could obtain additional funds from abroad, according to the same source.
The IMF delegation began a two-day working visit to Croatia last week within regular annual consultations in line with Article IV of the IMF statute on cooperation between the Fund and its member-states and annual talks on economic developments.