IMF: GLOBAL FINANCIAL CRISIS WILL NOT SLOW DOWN BOSNIA'S ECONOMIC GROWTH

SARAJEVO, Bosnia (November 25,2008) - In a statement for the media after a meeting with Bosnia's Prime Minister Nikola Spiric, IMF’s Deputy Managing Director Murilo Portugal asserted yesterday that Bosnia is well-positioned macroeconomically to respond to the challenges of the global financial crisis.

Economic growth has been high and inflation rate low in the past period, Portugal said, and welcomed the start of operations of the Fiscal Council. He also underlined the importance of adopting entity and national budgets by the end of this year.

Both sides agreed in their assessment that the global financial crisis will not slow down Bosnia’s economic growth dramatically. An IMF monitoring team will visit Bosnia to help with the crisis management.
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