BiH DPL

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The development objective of the Business Environment Development Policy Loan (DPL) Program Project for Bosnia and Herzegovina (BH) is to improve BH's business environment through facilitating business start-up, streamlining investment procedures in inspections and construction, and simplifying processes of cross-border trading. This program document describes the DPL to BH in the amount of Euro 37.4 million (United States (U.S.) 50 million dollars equivalent). This operation supports critical reforms to improve the country’s business environment in both entities: the Federation BH and Republika Srpska. It complements the existing International Monetary Fund (IMF) stand-by arrangement (SBA) and is also part of a broader engagement of the World Bank Group to improve BH’s competitiveness and create jobs. This operation is helping to address BH's deep structural imbalances to achieve higher economic growth and reduce unemployment. This operation is designed around three pillars: (i) facilitating business start-up; (ii) streamlining investment procedures in inspections and construction; and (iii) simplifying processes of cross-border trading. The operation builds on an extensive technical assistance program of the International Finance Corporation (IFC), that covers the key areas of this operation, including trade facilitation, construction sector regulations, and preparations for the new company law and decree on notaries' fees.