Continuation of CBBH capacity building with the support of the Swiss government

In Geneva, the Agreement on the continuation of the Bilateral Assistance and Capacity Building Program of Central Banks (BCC), which is implemented with the support of the Government of Switzerland, was signed, officially marking the start of implementation of the third phase in the multi-year partnership, for the period 2023 - 2028.

The Agreement was signed by the Governor of the Central Bank of Bosnia and Herzegovina (CBBH), Senad Softić, Ph.D. and Ambassador H.E. 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 Switzerland's partnership and support strategy for Bosnia and Herzegovina, 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 Bosnia and Herzegovina, and emphasized that the CBBH has been building exceptionally high-quality relations with the Swiss Government and its financial institutions for years.

"I highly appreciate that the Government of Switzerland recognized the importance and role of the Central Bank of Bosnia and Herzegovina. I also thank SECO for its support and technical assistance to help us harmonize with the standards of the European Union and the best international practices of central banking".

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 to the participants of the conference, Governor Softić pointed out that a stable and strong Central Bank is extremely important for the entire economy of Bosnia and Herzegovina and its citizens. Bearing in mind the circumstances in Bosnia and Herzegovina, monetary stability, the currency board and confidence in the local currency are very important as key factors of macroeconomic and financial stability, the Governor said.