Republic of Croatia

Republic of Croatia

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Croatiaa€™s annual GDP growth accelerated to 4a€“5 percent, per capita incomes advanced further toward the EU average, and unemployment declined to the lowest levels since Croatiaa€™s independence. The staff report for Croatiaa€™s 2009 Article IV Consultation is also described. Rapid credit growth led to a significant debt build-up and prevalent foreign currency borrowing aggravated balance sheet vulnerabilities, and booming domestic demand led to surging trade deficits, moderated only partially by strong tourism earnings.... of payments data are compiled broadly in accordance with the fifth edition of the IMFa#39;s Balance of Payments Manual. ... of Yugoslavia and Croatiaa#39;s share was agreed with Paris and London Club creditors in 1995 and 1998, respectively. The CNB compiles external debt data according to the requirements of External Debt Statistics: Guide for Compilers and Users, ... The inclusion of hybrid and subordinated debt instruments, repos, late interest, and interest accruals and arrears hasanbsp;...

Title:Republic of Croatia
Author: International Monetary Fund
Publisher:International Monetary Fund - 2009-06-12

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