Download Bosnia and Herzegovina: toward economic recovery by World Bank, Wei Ding, Christine Wallich PDF

By World Bank, Wei Ding, Christine Wallich

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Government officials and key ministers and their staff in the State, Federation, and Serb Republic governments to whom special thanks are owed include Zlatko Bars, Enver Backovic, Drago Bilandzija, Petar Bosnic, Berina Selimovic-Mehmedbasic, Despotovic, Enes Gotovusa, Sefika Hafisovic, Zlatko Hurtic, Munevar Imamovic, Faruk Ismailbegovic, Izudin Kapetanovic, Mirsad Kikanovic, Novak Kondic, Mladan Loncar, Kasim Omicevic, Obrad Piljak, Jadranko Prlic, Slavisa Rakovic, Radovan Skolko, Bozo Ljubic and Neven Tomic.

3 Selected economic indicators, 19912005 67 Page v Preface This volume was prepared in February/March 1996 as a background document of the second donors meeting in support of Bosnia and Herzegovina, held in Burssels on April 123, 1996. It contains an analysis of the economic policies and institutional challenges facing the peace makers in Bosnia and the international community. Despite all the difficulties, including the need to clarify responsibilities, to build transparent and reliable channels for the international aid effort and the need in Bosnia to work simultaneously on reconstruction, reconciliation and transition towards the market economy, a good start has been made in the four months following the signing of the peace agreement.

This imprecision raises important questions about the assignment of expenditure and revenue responsibilities across different levels of government and the question of intergovernmental fiscal redistribution. These questions must be satisfactorily dealt with in designing the new fiscal structure, so that it functions efficiently without reigniting economic and political conflicts. Fiscal Arrangements at the State Level. The division of fiscal responsibility between the State and its two constituent Entities was outlined in the Dayton-Paris agreements.

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