Bosnia and Herzegovina: Public Finances DPL

closed

The development objectives of the Public Finances Development Policy Loan (DPL) Project for Bosnia and Herzegovina (BiH) are to support policy and institutional efforts of BiH authorities to: (i) strengthen the medium-term management of public assets and liabilities for improved transparency of public finances; and (ii) enhance regulatory frameworks to lower medium-term fiscal pressures related to public employment, insolvency, and pharmaceuticals. This DPL of United States (U.S.) 80 million dollars supports the policy efforts of BiH authorities to improve transparency of public finances and lower fiscal pressures over the medium term in BiH. This proposed DPL addresses weaknesses in public finances in BiH related to the size of public expenditures and transparency of public finances, while laying a foundation for tackling deeper structural reforms in the BiH public sector. This DPL utilizes an opportunity to advance reforms in the area of fiscal policy.