Bosnia and Herzegovina: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina

International Monetary Fund

No 2021/043, IMF Staff Country Reports from International Monetary Fund

Abstract: Pre-pandemic, Bosnia and Herzegovina’s (BiH) economy was growing, but at a pace below the more successful countries in Eastern Europe. The pandemic generated a substantial output contraction in 2020. Early in the pandemic, the authorities successfully implemented restrictions to prevent the spread of the virus and took measures to support firms and households. However, the ongoing second wave poses additional challenges. A gradual recovery is expected for the second half of 2021. Political disagreements about policy coordination at the BiH State level have hampered program implementation under the 2016 EFF arrangement and the deepening of the single economic space. The challenge is to deal with the pandemic and put the economy on a higher medium-term growth trajectory.

Keywords: ISCR; CR; BiH authorities; BiH banking sector; Central Bank of BiH; near-term fiscal policy priority; authorities' policy response; COVID-19; Loans; Capital spending; Global; Eastern Europe (search for similar items in EconPapers)
Pages: 85
Date: 2021-02-26
New Economics Papers: this item is included in nep-isf and nep-mac
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