Federal Republic of Yugoslavia: Membership and Use of Fund Resources—Request for Emergency Post-Conflict Assistance

Author: International Monetary Fund

Volume/Issue: Volume 2001 Issue 007

Publication date: January 2001

ISBN: 9781451840841

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Exports and Imports , Public Finance , ISCR , CR , FRY authorities , Yugoslavia , FRY's economy , deficit , economy , expenditure arrears , General government service , IMF's policy , Arrears , Budget planning and preparation , Commercial banks

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Summary

The Federal Republic of Yugoslavia is faced with the task of stabilizing and reviving a devastated economy after years of military conflicts, sanctions, and economic mismanagement. A weakened institutional capacity and the still evolving political situation is a cause for concern. A short-term macroeconomic strategy is required to bring down inflation. The fiscal position should be improved, and the continued incurrence of expenditure arrears should be avoided. The government should adopt a comprehensive economic program of stabilization and reform that can be supported by the IMF.