From April 21 to 23, 2018, the BH Delegation, led by the Governor of the Central Bank of Bosnia and Herzegovina (CBBH) Senad Softić, Ph.D. attended the sessions held during the spring meeting of the International Monetary Fund (IMF) and World Bank (WB) in Washington.
The delegation which, beside Governor, featuring the Prime Minister of the Federation of BH, Fadil Novalić, the representatives of the Ministry of Finance and Treasury of BH, and the representatives of the entities’ governments, held numerous meetings with the IMF and WB high officials, including meetings to highlight, such as those with the Deputy Managing Director of the IMF, Tao Zhang, the Director of the IMF’s European Department, Poul Thomsen, as well as one with the World Bank Vice President for Europe and Central Asia, Cyril Muller.
During the meetings with the representatives of the IMF and the WB, the current topics were discussed, with special focus on the implementation of the remaining measures from the Letter of Intent with the IMF, as well as the projects funded by the WB.
Within the meetings with the representatives of the IMF, the measures from the Letter of Intent third objective on the safeguarding financial stability and promoting the credit growth were especially highlighted. In terms of it, adopting of the Law on the Deposit Insurance Agency of Bosnia and Herzegovina, establishing single methodology for determining systemically important banks, and the preparation of Financial Stability Memorandum of Understanding the way it is agreed with the Letter of Intent, are matters of high importance. The IMF’s high officials expressed readiness and support for the implementation of all remaining measures agreed with the authorities, which will be the subject of the second review of the implementation of measures within the visit of the IMF’s Mission to Bosnia and Herzegovina, scheduled for mid-May this year.
