The CBBH Governor atends the Economic and Financial Dialogue in Brusseles

Governor of the Central Bank of Bosnia and Herzegovina (CBBH) Senad Softić, Ph.D., as the member of BH delegation, with the Minister of Finance and Treasury, Vjekoslav Bevanda attended the Economic and Financial Dialogue between the European Union and countries of the Western Balkans and Turkey, which was held in Brussels, on 25 May 2016. 

Addressing to the participants of the meeting, Governor Softić, on behalf of the CBBH, welcomed the EU's initiative to launch a dialogue on economic governance, with our country. 

Presenting economic indicators for Bosnia and Herzegovina, Governor Softić emphasized that BH economy has shown the signs of recovery. The inflation is low, and the Currency Board arrangement still remains an anchor of stability in the country. The financial sector is generally stable, but the biggest concern is still high unemployment rate”, Governor said. 

Within Reform Agenda, which was adopted at the end of the last year, we have expectations on improvement in the structural reforms, and the implementation of the Agenda, according to the Governor, should help Bosnia and Herzegovina on its road towards the EU. 

As the most important tasks of the CBBH in the future, Governor Softić emphasized the maintaining of monetary stability, strengthening of the banking coordination and the role of the Standing Committee for Financial Stability of Bosnia and Herzegovina, introducing oversight functions within the payments system and widening of the Single Register of Accounts, as well as ensuring of timely and comprehensive statistics. 

„Bosnia and Herzegovina will continue to implement reforms in order to achieve sustainable growth and fulfill convergence criteria on our road to the EU and the full membership status. The dialogue with the EU institutions will play crucial role in shaping our future economic plans, institutional and regulatory changes. We expect the full support from the EU institutions in achieving these goals”, concluded Governor Softić in his speech in Brussels.