On February 16, 2018, the EU Twinning Project in BH entitled “Support to the reform of the statistical sector in Bosnia and Herzegovina” has been officially opened in Sarajevo, which, with the state and entity statistics agencies, includes also the Central Bank of Bosnia and Herzegovina (CBBH).
The CBBH is focused on compilation of good quality and timely statistics in accordance with the EU and other international standards, being one of the strategic objectives of the CBBH in order to ensure reliable, high quality, comprehensible, timely and internationally comparable statistical data for the needs of the CBBH and all domestic and foreign users.
In these efforts, the technical assistance from the European Union is a key support, and in many previous instances it helped the CBBH to make the process of the introducing of new statistics easier.
The Twinning Project will, within the statistics produced by the CBBH, include the balance of payments statistics and the international investment position statistic. This project introduces a report on quality, according to the EU practices, with all the elements on the basis of which users will have an insight into the consistency and coherence of BH balance of payments statistics, and they will be in a position to compare it with other countries. The international investment position statistics will be produced on a quarterly basis, instead of on the annual basis as before, and will therefore require additional data sources, a new way of processing and appropriate methodological adjustments.
The project is financed by the EU with EUR 1.5 million from the Instrument for Pre-Accession Assistance – IPA 2015, it will last for two years, and will be implemented through cooperation with experts from the Central Bank of Denmark and statistical institutions of Denmark, Finland, France and Croatia.
(Source: cbbih)
