Cover IMF Staff Country Reports
Buy Book in Print
Bosnia and Herzegovina: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina
Author:
International Monetary Fund. European Dept.
Search for other papers by International Monetary Fund. European Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 167
Language:
English
Publication Date:
09 Jun 2022
DOI:
https://doi.org/10.5089/9798400211621.002
ISBN:
9798400211621
ISSN:
1934-7685
Pages:
85
Keywords:
banking supervisor; authorities' priority; authorities of Bosnia and Herzegovina; entity governments statement; address climate risk; Capital spending; Loans; Social security contributions; External sector statistics; Global; Europe
Download PDF (4.1 MB)
This 2022 Article IV Consultation discusses that Bosnia and Herzegovina (BiH) is facing considerable challenges just as it has rebounded from the coronavirus disease 2019 pandemic. Spillovers from the war in Ukraine are fueling inflation and weighing on domestic spending and external demand, while domestic political tensions are hampering economic policies and reforms. The authorities need to protect the most vulnerable against inflation, preserve financial stability, and scale up public investment and accelerate reforms to strengthen the single economic space and put the economy on a higher medium-term growth trajectory. The currency board continues to serve BiH well and should be further strengthened. Strict enforcement of prudential requirements and the development of contingency plans for future liquidity pressures are essential for preserving financial stability. The creation of a countrywide registry of bank accounts of individuals would strengthen anti-money laundering and counter-terrorist financing practices and asset recovery.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund