IMF visits Croatia

Posted on February 17, 2012

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International Monetary Fund (IMF) delegates have arrived in Croatia after postponing their November visit because of parliamentary elections held at the beginning of December.

When IMF visited Zagreb in May of last year, they warned the then-government it had to be more thorough with public spending cuts and stick to the fiscal responsibility law.

The new Prime Minister Zoran Milanovic confirmed his “loyalty to the law” by announcing 4.6 billion kunas (606.5 million Euros) worth of budget cuts, daily Jutarnji List writes.

IMF believes that Croatia will maintain the financial markets’ trust by continuing with its fiscal consolidation.

The delegation plans to write a report following its visit.

via IMF visits Croatia – Business News – Croatian Times Online News – English Newspaper.

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Posted in: Croatia