The Governor of the CBBH Attended the Annual Meeting of the Belgian-Dutch Constituency in Luxembourg

The Governor of the Central Bank of Bosnia and Herzegovina, Jasmina Selimović, Ph.D., has participated in the annual meeting of the Belgian-Dutch Constituency (OEDNE/EDS19 Constituency Meeting 2025), held in Luxembourg from 2 to 4 July 2025.

This year's meeting is entitled "Our Constituency in a Fragmented World", with the aim of jointly considering and exchanging ideas on the role of the members in overcoming global challenges, preserving sustainable growth and strengthening regional cooperation.

During a number of sessions and working groups, the process and conditions of the EU enlargement, the priorities of the World Bank Group (WB) in Europe, the transition in the conditions of climate change and digital transformation, innovative policies, infrastructure development, as well as the importance of inclusion and resilience in these processes were discussed. A special focus was also placed on fiscal policies in the context of the changed geopolitical environment, with an emphasis on the increased needs for spending in the field of defence and security.

During the sessions, the participants exchanged opinions on ways to expand cooperation between the European Union and the neighbouring countries which are currently in different stages of the accession process, as well as on the challenges and opportunities brought by the European integration process.

On this occasion, Governor Selimović stated:

“In the coming period, the main goal of our activities must be to start negotiations with the EU, as soon as possible. We are witnessing the existence of political will and a favorable environment to continue the enlargement process after a 12-year pause. In a time characterized by intense geopolitical tensions, climate threats and accelerated technological changes, it is crucial that our policies are directed towards further development, resilience, sustainability and inclusive growth. It is clear that we cannot control the fragmentation of the world, but we can make our institutions strong and resilient enough to function successfully in that world.”

On the sidelines of the meeting, Governor Selimović also held a series of bilateral meetings with the Governor of the Central Bank of Luxembourg, representatives of the Central Bank of Belgium, the IMF Managing Director for our Constituency, the IMF Deputy Managing Director for Europe, and she spoke with a number of representatives of international institutions about the possibilities for deepening cooperation and exchanging good practices. The goal of the meetings is the continuous harmonization of processes in the Central Bank of Bosnia and Herzegovina with the practices of the Eurosystem Central Banks. Governor Selimović also met with Gert Jan Koopman, Director General for Enlargement at the European Commission.

The meeting brought together representatives of the member states of the Constituency: Andorra, Armenia, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Luxembourg, Moldova, Montenegro, the Kingdom of the Netherlands, North Macedonia, Romania and Ukraine.