Social Sector Adjustment Credit 2 (SOSAC 2)

closed

Closed

The objective of the Second Social Sector Adjustment Credit (SOSAC II) is to support reforms in cash transfer and labor programs and institutions in Bosnia-Herzegovina--which reorient social protection towards programs that protect the poorest and most disabled in a fiscally sustainable manner. This is consistent with broader efforts to reduce public spending and focus it on priority needs, and to address regional imbalances within each Entity. These objectives are key elements of the recently approved Medium Term Development Strategy (PRSP). Specifically, the priority program goals are to: (1) ensure that protection for disabled veterans and survivor families is better focused on the most disabled, while gradually reducing public spending on veterans' programs; (2) improve the impact and efficiency of the social safety net for the poorest, in particular social welfare benefits and services, including a strengthened role for the non-government sector; (3) consolidate an appropriate institutional structure for employment services at State and Entity levels, and reorient active labor policies to increase cost effectiveness, transparency and employment outcomes; (iv) improve the efficiency and equity of pension and disability programs, including pensions policy harmonization between the Entities of BH; and (v) ensure that social policy reforms are done on the basis of better information, within the system and to the public, and that living standards monitoring is more effective and timely.

FY17 - Social Protection

World Bank Group

Project

Government