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Milanovic does not want to invite IMF despite of credit ranking in junk

Croatian Times

Croatian Prime Minister Zoran Milanovic is not keen to invite the International Monetary Fund to Croatia despite the fact that the crisis might get deeper after Standard & Poor’s agency cut the country’s debt rating to junk.

 "I think we can do it on our own", Zoran Milanovic said.

Standard & Poor's has lowered Croatia’s long-term credit rating to BB+, that is known as the the highest non-investment level. This means that structural and fiscal overhaul in Croatia is insufficient to promote growth.




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