This paper discusses Bosnia and Herzegovina’s request for an Extended Arrangement Under the Extended Fund Facility. Growth in Bosnia and Herzegovina was 3.2 percent in 2015, despite fiscal consolidation as a result of financing constraints, and is expected to be about the same in 2016. The authorities adopted a comprehensive reform agenda in early 2015 that aims to address tepid growth and high unemployment in a sustainable manner. Given the commitment by the authorities at all levels to steadfastly implement their program and to adjust policies as circumstances change, the IMF staff expects the economy of Bosnia and Herzegovina to progress in dealing with its present challenges. The IMF staff supports the authorities’ request for an extended arrangement.
This paper discusses the central banking, monetary, and banking laws for 17 countries in Europe, an area where many of the techniques that are now universally used in regulating or controlling the supply of money and credit were developed. The complete text of the basic central bank law of each country is given, as well as the by-laws of the central bank where they supplement major provisions of the basic law, and subsidiary legislation where pertinent. General banking laws are in most instances presented in summary form.