Acta Politica Polonica
Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Acta Politica
The role of selected financial organizations in the reconstruction of Bosnia and Herzegovina after the Dayton Peace Agreement
DOI: 10.18276/ap.2022.53-02
Cite
The full text is available
| ISSN: | 2451-0432 |
| eISSN: | 2719-4388 |
| Authors: |
Marko
Aćić
Independent University of Banja Luka in Bosnia and Herzegovina Miloš Grujić
Independent University of Banja Luka in Bosnia and Herzegovina |
| Keywords: | international financial institutions post-Dayton BiH IMF EBRD USAID |
| Issue / book publication date: | 2022 |
| Page range: | 14 (15-28) |
| OAI-PMH: | Metadata |
 
 
| |
Abstract
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.
Preview PDF
Bibliography (21)
- Aćić, M. (2014). Privilegije i imuniteti službenika međunarodnih organizacija. Pravna Riječ – Časopis za teoriju i praksu. Banja Luka: Udruženje pravnika Republike Srpske.
- Aćić, M. (2019). The evolution and practice of international administration on states and territories. Acta Politica Polonica, 1 (47), 15-27.
- Avramov, S., Kreća, M. (2003). Međunarodno javno pravo. Beograd: Savremena administracija. Central Bank of Bosnia and Herzegovina. Finansijski aranžmani sa MMF-om. Retrieved from: https://www.cbbh.ba/ home/GetTableAttachment?contentId=fab35f66-c332-43a4-b056-9ca342f7f922&lang=hr (8.09.2021).
- European Bank for Reconstruction and Developmen. Project Summary Documents. Retrieved from: https://www.ebrd. com/work-with-us/project-finance/project-summary-documents.html?filterCountry=Bosnia%20and%20Herzegovina (08.09.2021).
- European Bank for Reconstruction and Development. Retrieved from: https://www.ebrd.com (11.09.2021).
- Gregović, N., Hodžić, N. (2017). Perspectives of currency board in Bosnia and Herzegovina. Ekonomski Izazovi, 11, 108-125.
- Grant, P.J. (2010). International law essentials. Edinburgh: Edinburgh University Press, 36-38.
- Grujić, M. (2018). Endogeni i egzogeni faktori neuspjeha procesa tranzicije na Zapadnom Balkanu. Poslovne Studije, 10 (19-20), 209-218.
- Hartwell, L. (2019). Conflict resolution: Lessons from the Dayton Peace Process. Negotiation Journal, 35 (4), 443-469.
- Jović, D. (2020). Currency board, monetary regulation, and macroprudential regulation in Bosnia and Herzegovina. Bankarstvo, 49 (1), 8-36.
- Pejanović, M. (2020). Dejtonski mirovni sporazum–preokret u istorijskoj opstojnosti Bosne i Hercegovine. Dijalog – Časopis za filozofiju i društvenu teoriju, 1,2, 9-28.
- PostConflict Reconstruction: Bosnia and Herzegovina case study summary. Retrieved from: https://ieg.worldbankgroup. org/sites/default/files/Data/reports/170precis.pdf (18.08.2021).
- USAID. Fact sheet: Bosnia and Herzegovina. Country profile. Retrieved from: https://www.usaid.gov/bosnia/newsinformation/ fact-sheets/fact-sheet-bosnia-and-herzegovina-country-profile (01.09.2021).
- USAID in Bosnia and Herzegovina. (2021). Retrieved from: https://www.usaid.gov/bosnia (21.04.2022).
- USAID. Strategija za razvoj i saradnju sa BiH. Retrieved from: https://www.usaid.gov/sites/default/files/documents/ USAID_CDCS_smaller_BOS_2.pdf (21.04.2022).
- Vitomir, J., Lazić, Đ. (2021). Orthodox currency board and currency boards of the second generation: Operational aspects. Baština, 53, 205-229.
- Vladušić, L. (2013). Prednosti i nedostaci fiksnog kursa (valutnog odbora) u uslovima ekonomije BiH. Zbornik radova Ekonomskog Fakulteta u Istočnom Sarajevu, 7, 91-100.
- Vranješ, N. (2020). Dayton and postDayton concept of the administrative power in Bosnia and Herzegovina: Twenty five years after Dayton Peace Agreement. Politeia, 10 (20), 81-93.
- World Bank. Bosnia and Herzegovina: Post-conflict reconstruction and the transition to a market economy. An OED evaluation of World Bank support. Retrieved from: https://openknowledge.worldbank.org/handle/10986/14900, (accessed 28.05.2021).
- World Bank Group (2021). Financing climate action. Retrieved from: https://www.worldbank.org/en/home (21.04.2022).
- World Bank Intranet. http://siteresources.worldbank.org/INTCONFLICT/Resources/BosniaFinal.pdf (24.04.2022).