The role of selected financial organizations in the reconstruction of Bosnia and Herzegovina after the Dayton Peace Agreement

• Authors: Marko Aćić , Miloš Grujić

Abstracts

EN

The paper lists the major projects of international financial organizations in Bosnia and Herzegovina (BiH) after signing the Dayton Peace Agreement to explore the role of international financial organizations in post-Dayton BiH. It discusses the specific contribution and the role of these organizations in functioning of BiH, including financial assistance, credit means, various funds and projects, which have been supposed to lead to the stable functioning of BiH after the signing of the Dayton Peace Agreement. The paper explains the role and attentiveness of the Monetary Board in BiH with a focus on its impact on implementation of the international projects. The research question is: “From which sources did the largest funds in BiH come in the period from 1996 to 2020 and how were they related to GDP?”. The paper is based on publicly available data from international financial institutions and the Ministry of Civil Affairs of BiH. The results show that about 71.45 billion dollars entered BiH from international financial institutions through donations, grants, loans, and other various types of assistance. But the funded projects did not have the same priorities every year and in every area. In addition, international funds were used to finance numerous projects aimed at economic recovery and economic development. In the last few years, there has been a change in priorities, and significant funds have been directed to such projects as the judicial reform, institution building through strengthening the capacity of individual institutions, and the reform of particular areas and their approximation to the European Union standards.

Keywords

EN

international financial institutions; post-Dayton BiH; IMF; EBRD; USAID

• Publisher: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
• Journal: Acta Politica Polonica
• Year: 2022
• Volume: 53
• Pages: 15-28

Dates

published

2022

Contributors

author

Marko Aćić

• Independent University of Banja Luka in Bosnia and Herzegovina

author

Miloš Grujić

• Independent University of Banja Luka in Bosnia and Herzegovina

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Identifiers

DOI

10.18276/ap.2022.53-02

Biblioteka Nauki

2092763