Program of Economic Reforms adopted: 18 Reforms for Better Life in BiH

The Council of Ministers of BiH adopted the Program of economic reforms of BiH (ERP) for the period 2017 – 2019, which represents a comprehensive plan of structural reforms that the authorities in BiH will implement in order to improve economic growth, competitiveness, preservation of fiscal and macroeconomic stability with continuation of restrictive fiscal policy and the implementation of savings measures in government institutions.

This year’s ERP includes 18 priority structural reforms, with more than half of the reforms to be jointly implemented by the state and entities, i.e. entities together, which is a significant improvement over the earlier programs and it represents the result of better coordination during its preparation.

The Program of economic reforms is the result of joint work of representatives of the ministries of the Council of Ministers of BiH, Central Bank of BiH, coordinators appointed on behalf of Government of the FBiH and the Government of the RS, representatives of entity ministries, the Directorate for Economic Planning and Cooperation with the European Commission and the Organization for Economic Cooperation and Development.

(Source: akta.ba)