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International Monetary Fund
Poverty risk is most marked for children, displaced persons and returnees, unemployed, and people with low education. Basic goals of the macroeconomic framework of the mid-term development strategy of Bosnia and Herzegovina are to reduce the overall public expenditures, lower the public debt, and to bring the current account deficit to a sustainable level through fiscal consolidation. The strategy is to attract more foreign investment, create conditions for a more efficient privatization process, and to ensure new cycles of donor assistance.
International Monetary Fund

peers at school, and their inability to provide an environment conducive to study at home. Another reason often cited is the language issue: 86% of Roma polled give their mother tongue as Roma, which adds to their problems at school, where in the overwhelming majority of cases no special provision is made for pre-school assistance to Roma children. Roma have long faced difficulties and exclusion from community, but the BiH Law on the Rights of National Minorities from 2002, and establishment of consultative fora, created a mechanism for protection of their rights

International Monetary Fund
Data dissemination practices in Bosnia and Herzegovina meet many of the General Data Dissemination System recommendations for dissemination of macroeconomic statistics in terms of coverage, periodicity, and timeliness. Executive Directors suggest strengthening the mandate of the Bosnia and Herzegovina Agency for Statistics (BHAS) to coordinate a cohesive national statistical program, finalizing and publishing the constant price gross domestic product (GDP) estimates and the expenditure components of GDP. It is also recommended that data validation at all stages be improved and that the accuracy and reliability of the final results be enhanced.
International Monetary Fund

the High Representative came after a Law on Statistics endorsed by the Council of Ministers (executive body of BiH) on July 5, 2001 failed to be adopted by the competent authorities. The Law on Statistics was finally ratified by the BiH Parliament in October 2004. The BiH Law on Statistics states in its Article 3 that the competent authority for the organization, production, and dissemination of the statistics at the level of Bosnia and Herzegovina shall be the Agency established in accordance with the provisions of this Law. The competent authorities in the

International Monetary Fund

) are presented in Tables 2a and 2b . For each dataset, the assessment of methodological soundness, accuracy and reliability, serviceability, and accessibility (Dimensions “2” to “5” of the DQAF) is shown in Tables 3a – 3e . Table 2a. Bosnia and Herzegovina: Assessment of Data Quality—Dimensions 0 and 1—Bosnia and Herzegovina Agency for Statistics, Federal Institute of Statistics, and Republika Srpska Institute of Statistics 0. Prerequisites of quality 1. Assurances of integrity Legal and institutional environment The BiH Law on

International Monetary Fund. Monetary and Capital Markets Department
This Technical Note discusses key findings and recommendations of the assessment on Systemic Liquidity Management, Financial Safety Net, Insolvency Framework, and Macroprudential Policy on Bosnia and Herzegovina. It is observed that there are constraints on the ability of both banks and the Central Bank of Bosnia and Herzegovina to manage liquidity. The system lacks a central bank liquidity window, and the secondary market for government securities is also small and illiquid. Liquidity regulations should be streamlined and the adoption of the liquidity coverage ratio would strengthen liquidity management. The deposit insurance framework is a relatively well-developed paybox scheme, but further enhancements of the deposit insurance arrangements would be beneficial.
International Monetary Fund. Monetary and Capital Markets Department

much less costly to transfer the loan intact to another party. It is therefore important that this legal impediment be addressed. 101. A further difficulty impeding the resolution of NPLs is the absence of an alternative to bankruptcy . Under BiH laws, there is no satisfactory streamlined process by which a company and its creditors can negotiate a restructuring of debt or the company itself to facilitate a least-cost solution to loan impairment. This results in more companies being placed into bankruptcy than might otherwise be required, with a consequential loss

International Monetary Fund

. Nevertheless, still hesitant cooperation between the Entity Governments on reforms requiring concerted action and/or harmonization has delayed implementation of some of the most important measures. These include the adoption of a framework law on higher education, a law on public debt and a legal framework to establish minimum social entitlements for all citizens of BH. Moreover, the full implementation of the BiH Law on Statistics is still outstanding, as is reform of existing pension systems. B. World Bank Financed Reforms 5. The World Bank Board approved a new

International Monetary Fund
Bosnia and Herzegovina’s 2005 Article IV Consultation reports that inflation has stabilized at industrial country rates, anchored by the currency board. About half of activity is accounted for by the private sector and banks have been almost completely privatized to nonresidents. The fiscal system, though fractured, has delivered a fiscal consolidation of 8 percentage points of GDP in four years, taking the balance to a deficit of 0.6 percent of GDP in 2004.
International Monetary Fund. European Dept.
On January 31, 2014, the Executive Board of the IMF completed the fifth review of Bosnia and Herzegovina’s economic performance under a program supported by a 24-month Stand-By Arrangement. The completion of the review enables the disbursement of an amount equivalent to SDR 42.275 million (about €48 million), which will bring total disbursements under the arrangement to SDR 253.65 million (about €287.9 million). All end-September 2013 performance criteria (PCs) and indicative targets were met. The Executive Board approved waivers of applicability of the now-controlling end-December 2013 PCs on the budget balances and accumulation of domestic arrears for the Institutions of Bosnia and Herzegovina and the entity central governments, for which data are not yet available and for which there is no evidence that they were not observed.