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Sarajevo Times > Blog > WORLD NEWS > PM of the Federation of BiH met with Representative of the International Monetary Fund
WORLD NEWS

PM of the Federation of BiH met with Representative of the International Monetary Fund

Published: September 20, 2023
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Yesterday, the Prime Minister of the Federation of Bosnia and Herzegovina (FBiH), Nermin Niksic, hosted the resident representative of the International Monetary Fund (IMF) for BiH, Andreas Tudyka, at the headquarters of the Government of the FBiH in Sarajevo.

Niksic informed the resident representative about the activities that the FBiH Government is undertaking in the direction of implementing reforms and adopting a set of new fiscal laws.

“The Government of the FBiH is finalizing legal solutions in the area of fiscal reform, which imply a reduction in contributions to wages and an increase in the minimum wage. We are also planning to enter the process of new fiscalization. We have decided to improve and protect the rights of workers through this reform and to stop the departure of citizens from the country. We want to create assumptions that even those who left could return,” Prime Minister Niksic pointed out.

Tudyka confirmed his commitment to continue the IMF’s support for public investments and reforms in FBiH. He conveyed to the Federal Prime Minister the main recommendations from the IMF report that came out after the recently concluded consultations with our country on the so-called Article IV.

“When it comes to the financial area, the recommendations refer to laws on the fight against corruption, prevention of money laundering and financing of terrorism, and the establishment of a fund for financial stability, as well as a register of bank accounts for natural persons. In the fiscal sector, the recommendations are about the improvement of responsibility and transparency in public enterprises and the improvement of the public procurement framework, while in structural areas our recommendations refer to digitization and the transition to green energy,” said Tudyka.

The meeting also announced the imminent visit of IMF staff from Washington to our country, which will also be an opportunity for discussions on priority reform activities, Klix.ba reports.

E.Dz.

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