Governor Kozaric at the Second Meeting of the Governors of the Central Banks From the Region 4/28/2014 Tweet On 28 April 2014 Governor of the Central Bank of Bosnia and Herzegovina (CBBH) Kemal Kozarić, Ph. D. participated in the Second Meeting of Governors of the central banks in the region, held in Rovinj, Croatia, organized by magazine Lider. Beside Governor Kozarić, the meeting was attended by Governor of the Croatian National Bank Mr. Boris Vujčić, Governor of the Bank of Slovenia Mr. Boštjan Jazbec and Governor of the Central Bank of Montenegro Mr. Milojica Dakić. Also, the authorities of leading international financial institutions and banking organizations participated in work.The central event of the meeting was a panel discussion of the governors entitled "Monetary Policy". The discussion was focused on the changes in the mandates of central banks, which beside the traditional roles in terms of ensuring price and monetary stability, now have a new mandate, and that is financial stability. Participants of the panel agreed that the monetary policy measures are essential, but are themselves insufficient, and only with the full synergy with other measures of economic policy, primarily fiscal policy and structural reforms the effects of the financial crisis can be overcome and the preconditions for economic growth provided.During the discussion, Governor Kozarić emphasized that cross-border cooperation of monetary institutions is priority, not an option. Although the CBBH is not responsible for the supervision, as extremely important factors, the Governor stressed the cross-border cooperation between the authorities responsible for supervision of the financial sector, the political stability of the region as well as the need to place the focus of decision makers at all levels on the economy and the real sector.The CBBH Governor at this meeting also indicated that there is scope for investment in BH, but it is necessary to reform the business environment in order to be remove all obstacles to business. He stressed the importance of foreign investments, and noted the potential benefits of BH which are interesting for investors such as the energy sector, food production, wood processing, tourism, continued investments in the Corridor Vc, continuation of privatization (telecommunications, wood industry ...). Public Relations Section
