Central Banking

IMF back in Croatia for stand-by talks, cbank says

An International Monetary Fund mission has returned to Croatia to resume talks over the next week on a stand-by arrangement, the central bank said in a statement on Wednesday.

The visit comes in the midst of a parliamentary debate on a trimmed 49.67 billion kuna ($6 billion) 2001 budget, seen as key to reaching a deal on a new loan of about $250 million. Parliament is due to pass the budget in the next few day.

Previous plans for greater public spending and privatisation receipts caused talks

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