WASHINGTON, 2 Oct (Hina) - During his stay in Washington, where he is participating in this year's session of the International Monetary Fund (IMF) and World Bank, Croatian Finance Minister Bozo Prka held talks with representatives of
the two financial institutions and discussed with them projects the two organisations are preparing for Croatia. Prka also met representatives of agencies which are estimating Croatia's credit rating, as well as representatives of numerous commercial banks and investment companies. Credit rating represents a country's political and economic ability to receive loans. The estimation of such ability takes into account all social and political parameters.
OF YEAR - PRKA
WASHINGTON, 2 Oct (Hina) - During his stay in Washington, where he
is participating in this year's session of the International
Monetary Fund (IMF) and World Bank, Croatian Finance Minister Bozo
Prka held talks with representatives of the two financial
institutions and discussed with them projects the two organisations
are preparing for Croatia. Prka also met representatives of
agencies which are estimating Croatia's credit rating, as well as
representatives of numerous commercial banks and investment
companies. Credit rating represents a country's political and
economic ability to receive loans. The estimation of such ability
takes into account all social and political parameters. #L#
Prka's meeting with the World Bank vice president Johannes
Linn and director of the World Bank European department, Jean-
Michel Severin, helped establish priority projects for the next
year. Those projects include structural adjustment of pension and
health sectors, financial reorganization of the banking system and
the reconstruction of eastern Slavonia, Prka stated before leaving
Washington.
Loans for those projects had to fit within Croatia's debt
limit, which amounts to US $ 250 million per year.
Prka also met representatives of the European agency IBCA, one
of the three agencies in charge of estimating Croatia's credit
rating. Prka is to hold talks on the same question later this week
in New York, where he is to visit the U.S. agency S&P.
'Experts on Croatia's credit rating will visit Croatia at the
beginning of November and by the end of the year they should
establish Croatia's credit rating', Prka said.
(hina) rm jn
021912 MET oct 96