TITLE

Bosnia-Herzegovina: Cautious Optimism

PUB. DATE
May 2004
SOURCE
Emerging Europe Monitor: South East Europe Monitor;May2004, Vol. 11 Issue 5, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The International Monetary Fund (IMF) has given high marks to the Balkan state for maintaining economic growth, which has averaged some 4.5% annually in the last two years, notwithstanding a slowdown to 3.5% in 2003. Bosnia and Herzegovina's authorities will have derived strong encouragement from positive comments by international institutions on their ongoing efforts to implement economic reform. The government's controlled spending, especially on wages and pensions, has indeed been commendable, not least because it has likely prevented further widening of the current account deficit, which reached 29% of gross domestic product in 2003.
ACCESSION #
12922319

 

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