Bosnia and Herzegovina - Country Economic Memorandum - Macroeconomics, Trade & Investment - January 2024

Jul 19, 2026

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Country Economic Memorandum for Bosnia and Herzegovina prepared by a multi-sector World Bank team, focused on macroeconomics, trade, and investment. The memorandum outlines team leadership and contributors across multiple chapters and acknowledges peer reviewers and guidance from World Bank management and partner institutions. It also describes support from the Umbrella Facility for Gender Equality (UFGE) and provides standard legal and permissions notices covering data accuracy, map representations, and reproduction for noncommercial purposes. The document includes an abbreviations section to support consistent terminology use.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages142

Reading Time5 h 58 min

Acknowledgments

Abbreviations

Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized WORLD BANK GROUP Country Economic Memorandum BOSNIA AND HERZEGOVINA Macroeconomics, Trade & Investment January 2024 Acknowledgments The Bosnia and Herzegovina Country Economic Memorandum has been prepared by a broad multi-sectoral team of World Bank experts led by Tihomir (Tish) Stučka (Senior Economist, Task Team Leader) and Sandra Hlivnjak (Senior Economist, Task Team Leader) . On Chapter 1, the team included Zuhra Osmanović-Pašić (Senior Governance Specialist), Jane Hwang (Senior Financial Sector Specialist), Ruvejda Aliefendić (Senior Private Sector Specialist), Meliha Kozarić Fanning (Labor Market Consultant), Steven Pennings (Senior Economist), Guido Damonte (Consultant), Federico Fiuratti (Consultant), Amra Mujabašić (Consultant) and Srđan Kujundžić (Consultant) . On Chapter 2, the team included Nicolo Dalvit (Economist) and Besart Avdiu (Senior Economist) . Finally, on Chapter 3, the team included Rachel Bernice Perks (Senior Mining Specialist), Dzenan Malović (Senior Energy Specialist), Justine Morven Sylvester (Land Tenure Specialist), Efstratios Tavoulareas (Energy Consultant), and Ulrike Lehr (Senior Economist) . The report was designed by Vigan Kada. The team is highly indebted to Shireen Mahdi (Lead Economist) and Harshit Agrawal (Senior Gas Specialist), who acted as peer reviewers for this report. The team is grateful to Xiaoqing Yu (World Bank Regional Director for the Western Balkans), Christopher Sheldon (World Bank Country Manager for Bosnia and Herzegovina), Jasmin Chakeri (Practice Manager), Richard Record (Lead Economist), Christos Kostopoulos (Lead Economist) and the Western Balkans Country Management Team for their guidance and support throughout this task. The Bosnia and Herzegovina CEM benefited from the close cooperation with the Prime Ministers’ Offices in the Federation BiH and Republika Srpska, the Ministry of Finance in the Federation BiH and Republika Srpska, the Ministry of Energy in Republika Srpska, and Republika Srpska APIF. The Bosnia and Herzegovina Country Economic Memorandum was in part supported by the Umbrella Facility for Gender Equality (UFGE) . The UFGE is a multi-donor trust fund administered by the World Bank to advance gender equality and women’s empowerment through innovation and knowledge creation to help governments and the private sector focus policy and programs on scalable solutions with sustainable outcomes. The UFGE is supported with generous contributions from Australia, Canada, Denmark, Finland, Germany, Iceland, Ireland, Latvia, the Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom, United States, the Bill and Melinda Gates Foundation, and the Wellspring Philanthropic Fund. © This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attri-bution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, TheWorldBankGroup,1818HStreetNW,Washington,DC20433,USA;fax:202-522-2625; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org). Cover design, layout design an

FAQs

Who prepared the Bosnia and Herzegovina Country Economic Memorandum?

The memorandum was prepared by a broad multi-sectoral World Bank expert team led by Tihomir (Tish) Stučka and Sandra Hlivnjak, with additional contributors across the chapters.

How was the report reviewed and who provided guidance?

Peer reviewers included Shireen Mahdi and Harshit Agrawal, and guidance and support were provided by World Bank regional and country management teams and partners listed in the acknowledgments.

What is UFGE and how did it support the memorandum?

The Umbrella Facility for Gender Equality (UFGE) is a multi-donor trust fund administered by the World Bank that advances gender equality and women’s empowerment through innovation and knowledge creation, and it supported parts of the Country Economic Memorandum.

Jul 19, 2026

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