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World Bank Reviews Public Spending With Croatia to End Downturn

The World Bank is helping Croatia review spending and urging it to deal with high unemployment and public debt to avert “irreversible changes” after six years of recession, the bank’s representative in Croatia said.

Croatia’s Finance Ministry has shown “seriousness and intent” to increase the public administration’s efficiency, though more effort is needed to turn the economy around and provide more jobs, Carlos Pinerua, the World Bank’s new representative in Croatia, said in an interview in Zagreb yesterday.