The Central Bank of Bosnia and Herzegovina announced that an Agreement was signed in Geneva on the continuation of the Program of Bilateral Assistance and Capacity Building of Central Banks (BCC), which is implemented with the support of the Government of Switzerland.
This marked the official start of the implementation of the third phase of the multi-year partnership, for the period 2023 – 2028.
The agreement was signed by the Governor of the Central Bank of BiH (CBBH) Senad Softić and Ambassador Dominique Paravicini, head of the Department for Economic Cooperation and Development of SECO, on behalf of the Swiss Secretariat for Economic Affairs (SECO).
Within the framework of the partnership and support strategy of Switzerland BiH, there is an extremely successful cooperation with the CBBH, which is realized with intensive consultations with SECO and the Institute for International Studies from Geneva.
With this program, the Government of Switzerland provides support to the CBBH in the improvement of key functions from the aspect of modern and good management, with the aim of adequate preparation and readiness of the CBBH for global and EU integration.
Governor Softić expressed his gratitude for the support provided by Switzerland in the economic and social development of BiH, and emphasized that the CBBH has been building exceptionally high-quality relations with the Swiss Government and its financial institutions for years.
“I greatly appreciate that the Government of Switzerland recognized the importance and role of the Central Bank of BiH. I also thank SECO for the support and technical assistance it provides us in harmonizing with European Union standards and the best international practices of central banking,” said Softić.
The signing of the agreement took place within the framework of the 11th annual conference of the BCC entitled “Uneven growth prospects”, which is being held on September 27 and 28, 2023 in Geneva.
Addressing the participants of the conference, Governor Softić pointed out that a stable and strong central bank is extremely important for the entire economy of BiH and its citizens.
“Given the circumstances in BiH, monetary stability, the currency board and confidence in the domestic currency are very important as key factors of macroeconomic and financial stability, the governor said.
