Delegation of the International Monetary Fund Visited the CBBH

Governor of the Central Bank of Bosnia and Herzegovina (CBBH) Jasmina Selimović, Ph.D. talked to the delegation of the International Monetary Fund (IMF), led by the Mission Chief for Bosnia and Herzegovina, Ms. Alina Iancu. The visit was the opportunity to exchange opinions on key activities and challenges which the financial sector of Bosnia and Herzegovina is facing.

During the conversation, Governor Selimović presented the activities and achievements of the CBBH in details, stressing the continuing work on the fulfilment of the mandate according to the law and the implementation of strategic objectives. The successful preserving of the monetary stability in BH through the efficient arrangement of currency board was particularly stressed, representing a significant contribution with respect to the current geopolitical situation. Such efforts have been fully supported by the present representatives of the IMF.

The subjects of conversation also included the analysis of economic and financial trends, and also the implementation of the IMF recommendations and other programmes of technical cooperation between the IMF and the CBBH. The importance of continuous coordination and cooperation within the Standing Committee for Financial Stability of BH, led by the CBBH, was stressed.

Governor Selimović also pointed out the current and future activities of the Central Bank, particularly stressing the positive financial results achieved due to the timely and successful restructuring of the foreign exchange reserves portfolio, in accordance with policy changes in the euro area. These results reflect the commitment of the CBBH to high standards of financial managements and stability.

The meeting with the delegation of the IMF was attended by the Mission Chief for BH, and also by the IMF Resident Representative in BH, Mr. Andreas Tudyk, and other members of the IMF delegation and representatives of the CBBH Management, which additionally confirmed the firm base for continuation of efficient cooperation between the two institutions.

The CBBH remains committed to its role in preserving financial stability and contribution to economic prosperity of BH, through the continuing cooperation with the IMF and other international partners.