European Relations

• Sound, stable and independent central bank, contributes to macroeconomic stability and overall better preparedness of the country in the EU accession process. Central Bank of Bosnia and Herzegovina (CBBH) provides important support and contributes to the EU integration of Bosnia and Herzegovina (BiH) through structures established to monitor the implementation of contractual obligations under the Stabilization and Association Agreement, in line with BiH Council of Ministers Decision on the EU coordination: working groups for EU Integration, Subcommittee for Economic, Financial Affairs and Statistics and Subcommittee for Internal Market and Competition.
• In the framework of the reporting to the EU, the Central Bank of Bosnia and Herzegovina provides information and data in its jurisdiction and contributes to BiH strategic documents, inter alia Country Report and Economic Reform Program.
• In continuous cooperation with EU institutions, through meetings and missions, the CBBH experts are also active in the forums and working groups of Eurostat and the European System of Central Banks (ESCB), as platforms for developing systemic contacts, knowledge transfer and best central banking practices.

Technical cooperation

• In the convergence towards EU standards, the Central Bank of Bosnia and Herzegovina applies a proactive approach, introducing necessary functional changes corresponding to the EU accession challenges and requirements. As of 2007, the European Central Bank (ECB) and the ESCB, through technical cooperation provide strong support to the CBBH in its preparations for alignment with EU and international standards. On March 26, 2019, based on the results and positive experiences, the European Commission and Deutsche Bundesbank launched a two-year regional Programme for strengthening the central bank capacities in the Western Balkans with a view to the integration to the European System of Central Banks, to the benefit of central banks and banking supervisory authorities of candidate and potential EU candidate countries. In the scope of the program, Deutsche Bundesbank, in cooperation with 19 national central banks and the support of the ECB, organizes a regional training program in the areas of banking supervision, financial stability, consumer protection and financial inclusion, recovery and resolution, monetary policy, payment systems, statistics, compliance and EU integration, governance policies, accounting and internal audit, as well as direct bilateral measures for each beneficiary country.
• In addition to the EU IPA multi-beneficiary programs in the area of statistics, other international technical cooperation programs: Swiss Secretariat for Economic Affairs (SECO) Bilateral Assistance and Capacity Building Program of the Central Banks and the USAID FINRA project, implemented through a complementary and coordinated approach with EU programs, are very important in strengthening the CBBH institutional capacities.

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