EU approves economic reforms in Bosnia and Herzegovina

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EU approves economic reforms in Bosnia and Herzegovina

The Economic Reforms Program 2023 -- 2025 was prepared according to the guidelines of the European Commission based on contributions submitted by the competent institutions at the state and entity level according to the Proposed Action Plan and was agreed with the entity coordinators.

The focus is on 25 reform measures within the framework of structural reforms recognized at all levels of government as significant for strengthening competitiveness and removing obstacles to economic growth and development in Bosnia and Herzegovina over the three years. An important part of the Reform Program is the macroeconomic and fiscal framework, which was developed by the Directorate for Economic Planning and the Ministry of Finance and Treasury of Bosnia and Herzegovina.

The three main challenges are: improving the labor market's efficiency, enhancing the business environment through closer cooperation and coordination of all levels of government, and managing public finances.

The preparation of this important document was coordinated by the Directorate for Economic Planning of Bosnia and Herzegovina along with the Ministry of Finance of the Republika Srpska and the FBiH Institute for Development Programming in accordance with their competences, according to Fena reports.