IMF praises Croatia's economic programme

Croatia's authorities deserve to be praised for their three-year economic programme, the International Monetary Fund (IMF) First Deputy Managing Director, Stanley Fischer, said on Mar 19, 2001 in Washington after the IMF approved a 14-month stand-by credit for $255 million for Croatia.

The arrangement enables Croatia to draw about $55 million from the IMF immediately. "However in view of the comfortable reserve level, good access to capital markets, and the positive external outlook, the autho