Bosnia which country

Weird But True! Party Animals. Try This! Explore More. Mostar is a historic town in Bosnia and Herzegovina along the Neretva River.

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The country needs to shift to a business environment conducive to private investment that supports both vibrant small and medium-sized enterprises and the growth of larger companies, facilitates export performance and productivity improvements, and generates much-needed private sector employment.

At the same time as addressing these imbalances in the economic model, the country must also ensure the sustainability and inclusiveness of future growth. To design this new strategy, a systematic diagnostic analysis was carried out to clarify the challenges that BiH faces on the road to growth and prosperity and to identify possible solutions.

The WBG Country Partnership Framework for —20 provides analysis, advice, and financing to accelerate the implementation of reforms designed to promote economic growth. The fundamental conclusion is that BiH can attain sustainable growth that will benefit broad groups of society only if it takes decisive steps to make the public sector leaner and more efficient and to unleash the growth and job creating potential of the private sector.

This project is the first Bank operation in the transport sector in BiH since , reflecting a renewed focus on connectivity and the need to strengthen key economic infrastructure as the country advances toward EU accession. The project aims to improve road connectivity and safety for users along selected roads and to strengthen capacity for sustainable management of the main road network in FBiH.

Fully kilometers of main roads will be rehabilitated, including three tunnels and nine bridges. Additionally, the construction of the new route M The Program, organized as a series of projects, will flexibly support the longterm development of transport in BiH, allowing for subsequent phases to be developed in other parts of the country as technical and financial opportunities arise.

View All Active Projects. In a country where one- fifth of the workforce is employed in agriculture, river floods inundated newly plowed fields and ravaged 81 municipalities, severely disrupting the economy and imperiling livelihoods. The assessment provided a basis for developing effective rehabilitation measures for infrastructure and services in the affected areas. Banking reform accelerated in as the payment bureaus from former pre-war Bosnia and Herzegovina were shut down; foreign banks, primarily from western Europe, now control most of the banking sector.

But a sizeable current account deficit and a high unemployment rate remain the two most serious economic problems. Despite major international aid efforts, the pace of post-war economic recovery has been much slower than expected. GDP by expenditure is estimated at KM 24 million in , representing a nominal increase of Since the war ended, BiH has attracted only around KM 2.

Economic data are scarce. Under this constitutional construction, Bosnia and Herzegovina is a sovereign state with a decentralised political and administrative structure. Brcko District BD was established in March with powers largely similar to those of the entities. The State of Bosnia and Herzegovina is a central authority, but it has only limited and specific powers, whereas the two entities and BD are politically, administratively, and legally autonomous.

The two entities are asymmetrical in their institutional organisation. This Ministry is responsible for carrying out the tasks related to defining policies and basic principles, coordinating activities and harmonising plans of the entity authorities and bodies at the international level for, among other topics, conservation of the environment, development and use of natural resources.

Bosnia and Herzegovina was created by dissolution of the former Socialist Federal Republic of Yugoslavia in , and became a member of UN in May It is a well known fact that former socialist block countries had extensive industry with great waste of resources and pollution as well as relatively low per capita income. Former Yugoslavia had, to a certain degree, a better developed market and somewhat more efficient use of resources compared to other European socialist countries. Bosnia and Herzegovina, on the other hand, was a republic with basic industry and energy sectors within the Yugoslavian framework i.

Bosnia and Herzegovina suffered from four major blows:. Apart from having to recover from these shocks, the country has a very unfavourable heritage from former Yugoslavia:. It is necessary to emphasise the fact that Bosnia and Herzegovina before the war Socialist Republic Bosnia and Herzegovina is a centralised republic, with adequate organisation of the state and institutions competent for the implementation of rules.

Entities are a completely new category in Bosnia and Herzegovina, and the establishment of a governmental structure is still ongoing, a sometimes very painful process in all areas of life, including the process of transformation from communism to democracy.

The entities have considerable authority and responsibilities for their development. On the level of Bosnia and Herzegovina, i. The work of both entity Ministries and the Brcko District Department is governed by the set of environmental laws. The country assessments are the sole responsibility of the EEA member and cooperating countries supported by the EEA through guidance, translation and editing.

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