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Sarajevo Times > Blog > BUSINESS > The IMF Delegation visited the Central Bank of BiH
BUSINESS

The IMF Delegation visited the Central Bank of BiH

Published: March 13, 2024
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The governor of the Central Bank of Bosnia and Herzegovina (CBBH), Jasmina Selimović, spoke with the delegation of the International Monetary Fund (IMF), led by the head of the mission for Bosnia and Herzegovina, Alina Iancu.

The visit was an opportunity to exchange opinions on key activities and challenges facing the financial sector of Bosnia and Herzegovina.

During the conversation, Governor Selimović presented in detail the activities and achievements of the CBBH, emphasizing its continuous work on fulfilling the legal mandate and implementing strategic goals. The successful preservation of monetary stability in BiH through the efficient arrangement of the currency board, which represents a significant contribution in the context of the current geopolitical situation, was particularly highlighted. This effort was fully supported by the IMF representatives present.
The topics of discussion included the analysis of economic and financial trends, as well as the implementation of IMF recommendations and other programs of technical cooperation between the IMF and the CBBH. The importance of continuous coordination and cooperation within the Standing Committee for Financial Stability of BiH led by the CBBH was emphasized.
In addition, Governor Selimović pointed to the current and future activities of the Central Bank, particularly emphasizing the positive financial results achieved thanks to the timely and successful restructuring of the portfolio of foreign exchange reserves, aligned with policy changes in the euro zone. These results reflect the commitment of the CBBH to high standards of financial management and stability.
The meeting with the IMF delegation was attended, in addition to the head of the mission for BiH, by the resident representative of the IMF in BiH, Andreas Tudyk, and other members of the IMF delegation and representatives of the CBBH Administration, which additionally confirmed a solid basis for the continuation of productive cooperation between two institutions. The CBBH remains committed to its role in preserving financial stability and contributing to the economic prosperity of BiH, through continuous cooperation with the IMF and other international partners.

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