The World Bank Mission within the RAMP took place in the CBBH

Within the Reserves Advisory and Management Program (RAMP), which is aimed at strengthening the institutional capacities of the CBBH in the field of foreign exchange reserves management, the World Bank representatives have been in a five day mission in the Central Bank of Bosnia and Herzegovina (CBBH).

During the mission, the team of the World Bank experts together with the CBBH representatives analysed the key aspects of the management principles and investments policies and guidelines. A special focus was on:

• The overview of the existing principles of the CBBH management and discussion on possible improvements according to the best international practices
• Considering the current investment policy of the CBBH and its guidelines, including the analysis of risk tolerance of the institution
• Exchange of experience and recommendations of the World Bank with purpose of optimising the decision making process in reserve management.

The meetings were attended by the senior and middle management of the CBBH, making possible a constructive exchange of opinions and expert recommendations, and also the CBBH staff working on the foreign exchange reserve management operations.

By joining the RAMP of the World Bank, the CBBH has secured access to advanced tools, analytical support and global best practices in foreign exchange reserve management.

The Governor of the CBBH, Jasmina Selimović, Ph.D. emphasized that membership in the RAMP continuously contributes to strengthening the operational capabilities of the CBBH in foreign exchange reserve management. She also emphasized that cooperation with the World Bank enables further development of investment policy, improvement of risk management and decision-making based on the highest international standards and best practices.

As part of the RAMP, the CBBH continues to work on improving investment strategies and optimizing the risk-yield ratio, with the aim of long-term stability and security of the financial system of Bosnia and Herzegovina.

RAMP has over 70 members, which include central banks, international financial institutions, public pension funds and national investment funds. In the context of RAMP, the World Bank has provided advisory services to more than 100 public institutions and trained over 10,000 public asset management staff on sound public asset management practices.