Bosnia and Herzegovina: 2017 Article IV Consultation, First Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Extension of the Arrangement, Rephasing of Purchases, and Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina
February 13, 2018
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This 2017 Article IV Consultation highlights the macroeconomic conditions in Bosnia and Herzegovina (BiH) have remained stable. BiH has made progress in reducing internal and external imbalances in recent years, thanks to a prudent fiscal position, and a strong monetary anchor provided by the currency board. However, job creation has been limited, unemployment has remained high, particularly among the youth, and the income convergence with the European Union has stalled. Fiscal stability has been maintained, mainly through continued restraint on current government spending. Progress in improving budget composition has been limited and reforms of state enterprises have not progressed as envisaged.
Subject: Banking, Capital spending, Economic and financial statistics, Expenditure, Government finance statistics, Infrastructure, Public debt, Public investment and public-private partnerships (PPP)
Keywords: authorities in the FBiH, authorities of the FBiH, authority, banking sector legislation, Bosnia-Herzegovina, Capital spending, CR, Europe, executive board's decision, Government finance statistics, ISCR, Public investment and public-private partnerships (PPP), public-sector arrears, SDR, wage bill saving
Pages:
97
Volume:
2018
DOI:
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Issue:
039
Series:
Country Report No. 2018/039
Stock No:
1BIHEA2018006
ISBN:
9781484341353
ISSN:
1934-7685
