1.

Record Nr.

UNINA9910779688303321

Titolo

Bosnia and Herzegovina : : 2012 Article IV Consultation and Request for Stand-By Arrangement—Staff Report; Informational Annex; Public Information Notice; Press Release; and Statement by the Executive Director for Bosnia and Herzegovina

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

1-4755-1256-2

1-4755-1255-4

1-299-46191-3

1-4755-1257-0

Descrizione fisica

1 online resource (107 p.)

Collana

IMF Staff Country Reports

Soggetti

Monetary policy - Bosnia and Hercegovina

Banks and Banking

Budgeting

Exports and Imports

Public Finance

Statistics

Investments: General

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Current Account Adjustment

Short-term Capital Movements

International Lending and Debt Problems

Debt

Debt Management

Sovereign Debt

National Government Expenditures and Related Policies: General

General Financial Markets: General (includes Measurement and Data)

Public finance & taxation

Finance

Banking

International economics

Econometrics & economic statistics

Investment & securities



External debt

Public debt

Financial derivatives and employee stock options (financial account)

Expenditure

Balance of payments

Securities

Financial institutions

Banks and banking

Debts, External

Debts, Public

Derivative securities

Expenditures, Public

Financial instruments

Bosnia and Hercegovina Economic conditions

Bosnia and Herzegovina

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; Contents; I. Introduction; A. Context; B. Recent Economic Developments; II. Policy Discussions And Program for 2012-14; A. Outlook and Risks; B. National Policy Coordination; C. Ensuring Fiscal Sustainability; D. Mitigating Financial Sector Risks; E. Safeguarding External Stability; F. Structural Reforms to Unlock the Economy's Potential; G. Improving Data Quality; III. Program Modalities; A. Access and Phasing; B. Capacity to Repay the Fund and Risks to the Program; C. Program Monitoring, Conditionality, and Safeguard Assessment; IV. Staff Appraisal; Boxes

1. BiH-Performance Under the 2009-12 SBA2. BiH-Exchange Rate and Competitiveness Analysis; Figures; 1. Selected Economic Indicators. 2008-12; 2. Employment Developments, 2007-12; 3. Wage Developments, 2007-12; 4. Balance of Payments, 2001-12; 5. Monetary Developments, 2006-12; 6. Indicators of Business Environment; 7. Integration with the Euro Area; 8. External Debt Sustainability: Bound Tests; 9. Public Debt Sustainability: Bound Tests; Tables; 1. Selected Economic Indicators, 2009-17; 2. Real Sector Developments, 2009-17; 3. Balance of Payments, 2009-17

4. General Government Statement of Operations, 2009-175. General Government Statement of Operations, 2009-17; 5a. Institutions of Bosnia and Herzegovina: Statement of Operations, 2009-17; 5b. Federation of Bosnia and Herzegovina: General Government Statement of Operations, 2009-17; 5c. Federation of Bosnia and Herzegovina: Central Government of Operations, 2009-17; 5d. Republika Srpska General Government Statement of Operations, 2009-17; 5e. Republika Srpska Consolidated Central Government Statement of Operations, 2009-17; 6. Monetary Survey, 2009-17

7a. Gross Financing Requirements, 2012-17 (in million of euros)7b. Gross Financing Requirements, 2012-17 (in percent of GDP); 8. Schedule of Purchases Under the Stand-By Arrangement, 2012-14; 9. Structural Conditionality; 9a. Quantitative Performance Criteria and



Indicative Target Under the 2012-14 Stand-By Arrangement, 2012-13; 10. Indicators of Capacity to Repay the Fund, 2011-19; 11. Financial Soundness Indicators, 2008-12; 12. External Debt Sustainability Framework, 2007-2017; 13. Public Sector Debt Sustainability Framework, 2007-2017; Annexes; I. BiH-Risk Assessment Matrix

II. BiH-Potential Crisis Spillover Channels Attachments; I. Letter of Intent; II. Technical Memorandum of Understanding; Contents; I. Fund Relations; II. Bank-Fund Collaboration; III. Statistical Issues

Sommario/riassunto

Bosnia and Herzegovina’s (BiH) challenge is to cope with the adverse economic environment and prepare the ground for achieving sustainable export-led economic growth, raising living standards, and making progress toward EU accession. In addition to fiscal consolidation, this will require reforms to improve the composition of public expenditure and unlock the economy’s potential. Financial sector policies should aim at further enhancing the authorities’ crisis preparedness and contingency planning. These policies would also provide a solid basis for the stability of the currency board and enhanced national policy coordination.