Economy Analyst of the Foreign Trade Chamber of Bosnia and Herzegovina Duljko Hasić told FENA that it is extremely positive that the international agency Standard and Poor’s confirmed the credit rating of BiH – B with Stable Outlook, primarily from the perspective of potential investors.
Hasić believes that this, among other, was influenced by amendments to the Law on Foreign Direct Investment in BiH, which should soon be adopted by the Parliamentary Assembly of Bosnia and Herzegovina.
He explained that the law suffered significant changes and that now it is harmonized with the EU legislation, and it suits potential investors in terms of the safety and suitability of investments.
Another key reason for the confirmation of the rating, in Hasić’s opinion, is that the BiH authorities, despite the huge damages caused by May and August floods, paid due to external debt servicing, which did not come into question.
He believes that the currency board in BiH also played a significant role, which in a very turbulent period for the country successfully directed the economy and maintain monetary stability, which reduced the pressure of external factors and gave room to stimulation of growth, especially in export that has been achieved in this period.
“This rating is a political challenge to those who, after the upcoming elections, will lead the country in a way to push them to make a leap on the issues that hinder Bosnia and Herzegovina on its European path,” stressed Hasić.
(Source: Fena)
