Governor of the CBBH attended the BIS Annual General Meeting

Governor of the Central Bank of Bosnia and Herzegovina (CBBH), Jasmina Selimović, PhD, participated on 29 and 30 June 2024 in the 94. Annual General Meeting of the Bank for International Settlements (BIS), seated in Basel, Switzerland.  

Annual economic report of the BIS for 2024 (https://www.bis.org/publ/arpdf/ar2024e.pdf) was presented at the meeting, which provides insight into global economic perspectives and the lessons learned from 25 years of monetary policy. A special attention was devoted to implications of artificial intelligence on global economy and central banks. Additional discussions were held on the subject “Rise and fall of inflation: new and old lessons for monetary policy”, which was followed by panel discussion.

Governor Selimović also attended the BIS Annual Conference which is traditionally held during the Annual Meeting, with a panel discussion on the subjects currently in focus of banking community. This year's subject was “Policies for solving risks associated with the use of artificial intelligence in financial services”.

^{Picture source: Bank for International Settlements - "Tower" building BIS} 

The BIS has several key roles, of which the most important ones are the safe investment of member banks' foreign exchange reserves, and the strengthening of international financial cooperation, particularly through dialogue among financial institutions for purpose of financial stability promotion. In addition to these activities, the BIS also represents a central bank agent in international payments, and it regularly publishes analyses and data that help member banks in decision making process.  

Currently, 63 central banks from entire world are the BIS member banks with rights of representation and voting at annual meetings. The Central Bank of Bosnia and Herzegovina has been a shareholder of the BIS since December 1997 and it has 1060 shares, so the CBBH will be paid an appropriate dividend on that basis.

This General Meeting has provided a platform for exchange of experiences and knowledge among central bankers from entire world, additionally strengthening international financial cooperation and stability.