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872
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30.4
Economic Descriptor
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618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2009-07-08
P1
R0
E
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Form the standing committee of financial stability (SCFS) and sign the MoU on financial stability, crisis preparedness and crisis management.
1
11/30/2009
SB
Rationale: strengthen financial sector supervision and improve policy coordination.
0
1
2009-11-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2009-07-08
P1
R0
E
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
The Deposit Insurance Agency to impose a principle of universal membership requirements, including for partially state-owned banks.
2
02/28/2010
SB
Rationale: strengthen banking system stability.
0
2
2010-02-28
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2009-07-08
P1
R0
E
SB
26
7. Exchange systems and restrictions (current and capital)
Continued adherence of the Currency Board Arrangement as constituted under the law.
1
Continuous
SB
Rationale: anchor for macroeconomic policy; contribute to economic and political stability, and investor confidence.
0
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
20
1. General government
Adopt amendments to the wage bill legislation by the State Council of Ministers.
1
Program Prior Action
M
Rationale: fiscal adjustment necessary for reestablishment of macroeconomic stability and ongoing viability of the currency board.
1
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
20
1. General government
Adopt the Intervention Law in the Federation.
2
Program Prior Action
M
Rationale: enable the Federation government to initiate necessary reforms in the near horizon.
1
2
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
20
1. General government
Adopt the Global Framework by the Fiscal Council
4
Program Prior Action
M
Rationale: fiscal policy coordination; reinforce the importance of adherence to established timeline for budget and medium-term budget framework elaboration.
1
4
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
20.1
1.1. Revenue measures, excluding trade policy
Adopt the excise law.
1
Program Prior Action
M
Rationale: tax harmonization with EU that will also allow to compensate for some of the revenue loss from phaseout of trade taxes.
1
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adopt rebalanced budgets by entity governments and submit to Parliaments.
1
Program Prior Action
M
Rationale: fiscal adjustment necessary for reestablishment of macroeconomic stability.
1
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Approve by State and Entity Parliaments 2010 budgets consistent with the program including supporting legislation.
2
First Review Prior action
M
N/A
1
2
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
22
3. Civil service and public employment reforms, and wages
Enact by Entity Parliaments framework legislation in preparation for the transition to a means-tested system of rights-based benefits (Federation, RS)
1
First Review Prior action
M
N/A
1
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
PA
22
3. Civil service and public employment reforms, and wages
Enact law to eliminate special unemployment benefits granted to demobilized soldiers effective May 1, 2010 (Federation)
2
First Review Prior action
M
N/A
1
2
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
20
1. General government
Agree on an action plan acceptable to the World Bank and IMF staffs to reform the system of rights-based transfers (Federation.)
1
11/30/2009
MD
Rationale: ensure fiscal sustainability and improve the composition of public spending.
1
1
2009-11-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
20
1. General government
Submit to the Parliament a Law forbidding passing of unfunded legislation (Federation.)
2
11/30/2009
MD
Rationale: ensure fiscal discipline.
1
2
2009-11-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the State government’s web site quarterly consolidated general government accounts with a 5 week lag.
1
12/31/2009
NM
N/A
1
1
2009-12-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the State government’s web site quarterly consolidated general government accounts with a 5 week lag.
1
Quarterly
SB
Rationale: fiscal transparency; program monitoring and ownership.
1
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
20.8
1.8. Budget preparation (e.g., submission or approval)
Approve the rebalanced budgets by the Entity Parliaments.
1
08/31/2009
M
Rationale: fiscal adjustment necessary for reestablishment of macroeconomic stability.
1
1
2009-08-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
20.8
1.8. Budget preparation (e.g., submission or approval)
Adopt by Parliament wage legislation consistent with the 2010 fiscal policy objectives (Federation)
2
03/31/2010
SB
Introduced at R1.
1
2
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
23.1
4.1. Pension reforms
Reform privileged pensions by entity governments (Federation, RS)
1
03/31/2010
SB
Introduced at R1.
1
1
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
23.1
4.1. Pension reforms
Prepare a strategy for pension reform by entity governments (Federation, RS)
2
03/31/2010
SB
Introduced at R1.
1
2
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Form the standing committee of financial stability (SCFS) and sign the MoU on financial stability, crisis preparedness and crisis management.
1
11/30/2009
MD
Rationale: strengthen financial sector supervision and improve policy coordination.
1
1
2009-11-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
The Deposit Insurance Agency to impose a principle of universal membership requirements, including for partially state-owned banks.
2
02/28/2010
M
Rationale: strengthen banking system stability.
1
2
2010-02-28
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
26
7. Exchange systems and restrictions (current and capital)
Continued adherence of the Currency Board Arrangement as constituted under the law.
1
12/31/2009
M
N/A
1
1
2009-12-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
26
7. Exchange systems and restrictions (current and capital)
Continued adherence of the Currency Board Arrangement as constituted under the law.
1
Continuous
SB
Rationale: anchor for macroeconomic policy; contribute to economic and political stability, and investor confidence.
1
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
30
11. Other structural measures
Carry out eligibility audits for civil and war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits, including expected savings from disqualifications (Federation, RS)
1
03/31/2010
SB
N/A
1
1
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-06-30
2,012
N/A
N/A
N/A
2010-03-24
P1
R1
BLANK
SB
30
11. Other structural measures
Carry out eligibility audits for civil and war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits, including expected savings from disqualifications (Federation, RS)
1
Quarterly
SB
Introduced at R1.
1
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20
1. General government
Adopt amendments to the wage bill legislation by the State Council of Ministers.
1
Program Prior Action
M
Rationale: fiscal adjustment necessary for reestablishment of macroeconomic stability and ongoing viability of the currency board.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20
1. General government
Adopt the Intervention Law in the Federation.
2
Program Prior Action
M
Rationale: enable the Federation government to initiate necessary reforms in the near horizon.
2
2
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20
1. General government
Adopt the Global Framework by the Fiscal Council
4
Program Prior Action
M
Rationale: fiscal policy coordination; reinforce the importance of adherence to established timeline for budget and medium-term budget framework elaboration.
2
4
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20.1
1.1. Revenue measures, excluding trade policy
Adopt the excise law.
1
Program Prior Action
M
Rationale: tax harmonization with EU that will also allow to compensate for some of the revenue loss from phaseout of trade taxes.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20.3
1.3. Expenditure measures, including arrears clearance
Adoption of a government decision to condition the transfers to the cantons on cantonal budget rebalances to reduce current expenditures (Federation).
1
Combined Second and Third Reviews Prior Action
M
Combined R2 and R3 prior action. Objective: Reduce recurrent spending by cantons.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20.6
1.6. Expenditure auditing, accounting, and financial controls
Adoption of a government decision on measures to improve the audit process consistent with the authorities' commitments in Paragraph 10 of this LoI (Federation).
1
Combined Second and Third Reviews Prior Action
M
Combined R2 and R3 prior action. Objective: Reduce recurrent spending through better targeting of transfer programs.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adopt rebalanced budgets by entity governments and submit to Parliaments.
1
Program Prior Action
M
Rationale: fiscal adjustment necessary for reestablishment of macroeconomic stability.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Approve by State and Entity Parliaments 2010 budgets consistent with the program including supporting legislation.
2
First Review Prior action
M
N/A
2
2
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Approval by Federation Parliament of a 2010 revised Federation central government budget consistent with the authorities' commitments in Paragraph 10 of this LoI (Federation).
3
Combined Second and Third Reviews Prior Action
M
Combined R2 and R3 prior action. Objective: Reflect measures to contain the wage bill and transfers, ensure full funding of central government obligations on current-year transfers.
2
3
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
22
3. Civil service and public employment reforms, and wages
Enact by Entity Parliaments framework legislation in preparation for the transition to a means-tested system of rights-based benefits (Federation, RS)
1
First Review Prior action
M
N/A
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
PA
22
3. Civil service and public employment reforms, and wages
Enact law to eliminate special unemployment benefits granted to demobilized soldiers effective May 1, 2010 (Federation)
2
First Review Prior action
M
N/A
2
2
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20
1. General government
Agree on an action plan acceptable to the World Bank and IMF staffs to reform the system of rights-based transfers (Federation.)
1
11/30/2009
MD
Rationale: ensure fiscal sustainability and improve the composition of public spending.
2
1
2009-11-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20
1. General government
Submit to the Parliament a Law forbidding passing of unfunded legislation (Federation.)
2
11/30/2009
MD
Rationale: ensure fiscal discipline.
2
2
2009-11-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Establish a working group under the Fiscal Council to propose by December 31, 2010 recommendations, guidelines and a timetable for application of international accounting standards for the public sector and other international standards of financial reporting, including a harmonized fiscal reporting template, at all levels of government in BiH.
1
12/31/2010
SB
Introduced at R2R3. Objective: Enhance medium-term budget planning, fiscal transparency, and program ownership.
2
1
2010-12-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the State government’s web site quarterly consolidated general government accounts with a 5 week lag.
1
12/31/2009
NM
N/A
2
1
2009-12-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the State government’s web site quarterly consolidated general government accounts with a 5 week lag.
1
03/31/2010
M
N/A
2
1
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the State government’s web site quarterly consolidated general government accounts with a 5 week lag.
1
06/30/2010
M
N/A
2
1
2010-06-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the State government’s web site quarterly consolidated general government accounts with a 5 week lag.
1
Quarterly
SB
Rationale: fiscal transparency; program monitoring and ownership.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20.8
1.8. Budget preparation (e.g., submission or approval)
Approve the rebalanced budgets by the Entity Parliaments.
1
08/31/2009
M
Rationale: fiscal adjustment necessary for reestablishment of macroeconomic stability.
2
1
2009-08-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
20.8
1.8. Budget preparation (e.g., submission or approval)
Adopt by Parliament wage legislation consistent with the 2010 fiscal policy objectives (Federation)
2
03/31/2010
MD
Introduced at R1. Objective: Harmonization of remuneration policies across levels of government with the view of containing the public wage bill. Met in July 2010.
2
2
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
23
4. Pension and other social sector reforms
No new privileged or special rights for retirement will be introduced prior to the pension system reform (Federation).
1
Continuous
SB
Introduced at R2R3. Objective: Contain the cost to central government of financing the pension system.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
23.1
4.1. Pension reforms
Reform privileged pensions by entity governments (Federation, RS)
1
03/31/2010
NM
Introduced at R1. Objective: Steps toward containing the cost to central governments of financing the pension systems. At R2R3, RS (Met); Federation (Not met).
2
1
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
23.1
4.1. Pension reforms
Prepare a strategy for pension reform by entity governments (Federation, RS)
2
03/31/2010
NM
Introduced at R1. At R2R3, RS (Met); Federation (Met with delay in June).
2
2
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
23.1
4.1. Pension reforms
Adoption by government of the Law on Pension and Disability Insurance in accordance with the Strategy of the Pension System Reform (RS).
3
12/31/2010
SB
Introduced at R2R3. Objective: Step toward containing the cost to central government of financing the pension system.
2
3
2010-12-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Form the standing committee of financial stability (SCFS) and sign the MoU on financial stability, crisis preparedness and crisis management.
1
11/30/2009
MD
Rationale: strengthen financial sector supervision and improve policy coordination.
2
1
2009-11-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
The Deposit Insurance Agency to impose a principle of universal membership requirements, including for partially state-owned banks.
2
02/28/2010
M
Rationale: strengthen banking system stability.
2
2
2010-02-28
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
26
7. Exchange systems and restrictions (current and capital)
Continued adherence of the Currency Board Arrangement as constituted under the law.
1
12/31/2009
M
N/A
2
1
2009-12-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
26
7. Exchange systems and restrictions (current and capital)
Continued adherence of the Currency Board Arrangement as constituted under the law.
1
03/31/2010
M
N/A
2
1
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
26
7. Exchange systems and restrictions (current and capital)
Continued adherence of the Currency Board Arrangement as constituted under the law.
1
06/30/2010
M
N/A
2
1
2010-06-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
26
7. Exchange systems and restrictions (current and capital)
Continued adherence of the Currency Board Arrangement as constituted under the law.
1
Continuous
SB
Rationale: anchor for macroeconomic policy; contribute to economic and political stability, and investor confidence.
2
1
2023-09-23
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
30
11. Other structural measures
Carry out eligibility audits for civil and war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits, including expected savings from disqualifications (Federation, RS)
1
03/31/2010
NM
N/A
2
1
2010-03-31
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
30
11. Other structural measures
Carry out eligibility audits for civil and war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits, including expected savings from disqualifications (Federation, RS)
1
06/30/2010
NM
RS (Met for March, and June (with delay in publication); Federation (not met)
2
1
2010-06-30
N/A
N/A
N/A
N/A
618
BOSNIA AND HERZEGOVINA
963
SBA
2009-07-08
2,009
2012-07-07
2,012
N/A
N/A
N/A
2010-10-15
P1
R2R3
L
SB
30
11. Other structural measures
Carry out eligibility audits for civil and war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits, including expected savings from disqualifications (Federation, RS)
1
Quarterly
SB
Introduced at R1.
2
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
PA
20.2
1.2. Revenue administration, including customs
Adoption of a decision on the settlement of any disputed indirect tax amounts through end-2011
1
Program Prior Action
M
Rationale: An important step toward better policy coordination
0
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adoption by the Federation of BiH Parliament of a revised 2012 Federation budget, incorporating agreed measures
1
Program Prior Action
M
Rationale: Fiscal adjustment necessary for macroeconomic stability
0
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adoption by the RS Parliament of a revised 2012 RS budget, incorporating agreed measures.
2
Program Prior Action
M
Rationale: Fiscal adjustment necessary for macroeconomic stability
0
2
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
PA
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Repeal of the amendments to the Federation Banking Agency law, Articles 15 and 27, that were adopted in 2012
1
Program Prior Action
M
Rationale: Safeguarding the Independence of Banking Agency
0
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
20.3
1.3. Expenditure measures, including arrears clearance
Pay obligations accrued through May 2012 arising from early retirement provisions under the Law on Service in the Armed Forces of BiH
1
12/31/2012
SB
Introduced at R0. Rationale: Arrear clearance
0
1
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
20.5
1.5. Debt Management
Amend the law on financing of Institutions of BiH to allow for continued servicing of foreign debt in the absence of an adopted budget
1
12/31/2012
SB
Introduced at R0. Rationale: Contributing to economic and political stability as well as to investor confidence
0
1
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Carry out eligibility audits for war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits (Entities)
1
09/30/2012
SB
N/A
0
1
2012-09-30
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Carry out eligibility audits for war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits (Entities)
1
Quarterly
SB
Introduced at R0. Test date is continuous on a quarterly basis. Rationale: Reducing recurrent spending through better targeting of transfer programs
0
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the web site of Institutions of BiH quarterly consolidated general government accounts with a 6 week lag
1
09/30/2012
SB
N/A
0
1
2012-09-30
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the web site of Institutions of BiH quarterly consolidated general government accounts with a 6 week lag
1
Quarterly
SB
Introduced at R0. Test date is continous on a quarterly basis. Rationale: Fiscal transparency
0
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
21.1
2.1. Central bank operations and reforms
Continue to adhere to the Currency Board Arrangement as constituted under the law
1
Continuous
SB
Introduced at R0. Rationale: Anchor for macroeconomic policy; contributing to economic and political stability
0
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
23.1
4.1. Pension reforms
Refrain from introducing new privileged or special rights for retirement
1
Continuous
SB
Introduced at R0. Rationale: Reducing recurrent spending through better targeting of transfer programs
0
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Amend the banking law in Federation to limit provisional administration to one year with a possible six month extension
1
12/31/2012
SB
Introduced at R0. Rationale: Strengthening bank supervision as well as the bank resolution framework
0
1
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Amend the banking law in the RS to limit provisional administration to one year with a possible six month extension
2
12/31/2012
SB
Introduced at R0. Rationale: Strengthening bank supervision as well as the bank resolution framework
0
2
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Submit to the BiH Parliament a revised law governing the Deposit Insurance Agency along the lines specified in ¶28 of the LOI
3
03/31/2013
SB
Introduced at R0. Rationale: Improving crisis preparedness and contingency planning
0
3
2013-03-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-09-26
P1
R0
E
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Amend the legal frameworks related to the treatment of confidential information to align them with EU requirements
4
12/31/2012
SB
Introduced at R0. Rationale: Improving information sharing and policy coordination
0
4
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
PA
20.2
1.2. Revenue administration, including customs
Adoption of a decision on the settlement of any disputed indirect tax amounts through end-2011
1
Program Prior Action
M
Rationale: An important step toward better policy coordination
1
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adoption by the Federation of BiH Parliament of a revised 2012 Federation budget, incorporating agreed measures
1
Program Prior Action
M
Rationale: Fiscal adjustment necessary for macroeconomic stability
1
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adoption by the RS Parliament of a revised 2012 RS budget, incorporating agreed measures.
2
Program Prior Action
M
Rationale: Fiscal adjustment necessary for macroeconomic stability
1
2
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adoption by the BiH Parliament of the 2013 Institutions of BiH budget, incorporating agreed measures
3
First Review Prior action
M
Rationale: fiscal sustainability
1
3
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adoption by the Federation of BiH Parliament of the 2013 Federation budget, incorporating agreed measures
4
First Review Prior action
M
Rationale: fiscal sustainability
1
4
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
PA
20.8
1.8. Budget preparation (e.g., submission or approval)
Adoption by the RS Parliament of the 2013 RS budget, incorporating agreed measures
5
First Review Prior action
M
Rationale: fiscal sustainability
1
5
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
PA
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Repeal of the amendments to the Federation Banking Agency law, Articles 15 and 27, that were adopted in 2012
1
Program Prior Action
M
Rationale: Safeguarding the Independence of Banking Agency
1
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20
1. General government
Sign a Memorandum of Understanding by the Ministry of Finance and Treasury of BiH, the Ministry of Finance of the Federation, the Ministry of Finance of the RS, and the CBBH, which will regulate the disbursements from and servicing of all related obligations to the IMF
1
12/31/2012
SB
Introduced at R1. Rationale: Safeguarding Fund Resources
1
1
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.2
1.2. Revenue administration, including customs
Sign a joint Memorandum of Understanding between the Entities' tax administrations and the ITA on data exchange to further improve the exchange of information
1
05/31/2013
SB
Introduced at R1. Rationale: Reducing tax evasion and enhancing policy cooperation
1
1
2013-05-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.2
1.2. Revenue administration, including customs
Establish a one-stop shop process for business registration in RS
2
09/30/2013
SB
Introduced at R1. Rationale: Improving business environment
1
2
2013-09-30
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.3
1.3. Expenditure measures, including arrears clearance
Pay obligations accrued through May 2012 arising from early retirement provisions under the Law on Service in the Armed Forces of BiH
1
12/31/2012
SB
Introduced at R0. Rationale: Arrear clearance
1
1
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.5
1.5. Debt Management
Amend the law on financing of Institutions of BiH to allow for continued servicing of foreign debt in the absence of an adopted budget
1
12/31/2012
SB
Introduced at R0. Rationale: Contributing to economic and political stability as well as to investor confidence
1
1
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Carry out eligibility audits for war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits (Entities)
1
09/30/2012
MD
At R1, met with delay.
1
1
2012-09-30
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Carry out eligibility audits for war benefit recipients; publish results (quarterly within 4 weeks after the end of each quarter) of audits (Entities)
1
Quarterly
SB
Introduced at R0. Test date is continuous on a quarterly basis. Rationale: Reducing recurrent spending through better targeting of transfer programs
1
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Adopt a new law on budget in the Federation that improves data reporting and enhancing control over lower level governments, extra-budgetary funds, and public companies
2
03/31/2013
SB
Introduced at R1. Rationale: fiscal sustainability
1
2
2013-03-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the web site of Institutions of BiH quarterly consolidated general government accounts with a 6 week lag
1
09/30/2012
M
Met for R1.
1
1
2012-09-30
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish on the web site of Institutions of BiH quarterly consolidated general government accounts with a 6 week lag
1
Quarterly
SB
Introduced at R0. Test date is continous on a quarterly basis. Rationale: Fiscal transparency
1
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
21.1
2.1. Central bank operations and reforms
Continue to adhere to the Currency Board Arrangement as constituted under the law
1
09/30/2012
M
Met for R1.
1
1
2012-09-30
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
21.1
2.1. Central bank operations and reforms
Continue to adhere to the Currency Board Arrangement as constituted under the law
1
Continuous
SB
Introduced at R0. Rationale: Anchor for macroeconomic policy; contributing to economic and political stability
1
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
22
3. Civil service and public employment reforms, and wages
Amend legislation in the RS to eliminate the take-home pay protection for public sector employees
1
12/31/2013
SB
Introduced at R1. Rationale: Controlling the public sector wage bill in the medium term
1
1
2013-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
23
4. Pension and other social sector reforms
Adopt a new law on privileged pensions in the Federation in line with IMF staff recommendations
1
01/31/2013
SB
Introduced at R1. Rationale: Reducing recurrent spending through better targeting of transfer programs
1
1
2013-01-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
23.1
4.1. Pension reforms
Refrain from introducing new privileged or special rights for retirement
1
09/30/2012
M
Met for R1.
1
1
2012-09-30
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
23.1
4.1. Pension reforms
Refrain from introducing new privileged or special rights for retirement
1
Continuous
SB
Introduced at R0. Rationale: Reducing recurrent spending through better targeting of transfer programs
1
1
2023-09-23
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Amend the banking law in Federation to limit provisional administration to one year with a possible six month extension
1
12/31/2012
SB
Introduced at R0. Rationale: Strengthening bank supervision as well as the bank resolution framework
1
1
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Amend the banking law in the RS to limit provisional administration to one year with a possible six month extension
2
12/31/2012
SB
Introduced at R0. Rationale: Strengthening bank supervision as well as the bank resolution framework
1
2
2012-12-31
N/A
N/A
N/A
N/A
692
BOSNIA AND HERZEGOVINA
963
SBA
2012-09-26
2,012
2014-09-25
2,014
N/A
N/A
N/A
2012-12-19
P1
R1
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Submit to the BiH Parliament a revised law governing the Deposit Insurance Agency along the lines specified in ¶28 of the LOI
3
03/31/2013
SB
Introduced at R0. Rationale: Improving crisis preparedness and contingency planning
1
3
2013-03-31
N/A
N/A
N/A
N/A