Bosnia and Herzegovina: First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of a Performance Criterion —Staff Report; Press Release; and Statement by the Executive Director
International Monetary Fund. European Dept.
Dec 2012 · International Monetary Fund
Ebook
45
Pages
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About this ebook
Bosnia and Herzegovina’s (Bah) economy started to lose steam in early 2012 as growth slowed in Europe. Intensification of the euro area crisis further affected Bin's growth outlook. However, measures such as limiting the expenditure at the central government level and targeting overall general government spending by 1 percentage point of GDP in 2013 aim to improve the economy. Comprehensive reforms of rights-based benefits are also identified, which are imperative for both medium-term fiscal sustainability and improving the functioning of labor markets.
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