Accelerating the EU process seen as one of Bosnia's key priorities in 2012-EBRD.

By bne IntelliNews November 16, 2011
In its Transition Report 2011, the EBRD outlined the key priorities for Bosnia for next year, namely advancing the EU process, accelerating privatisation, and completing the Stand-By Arrangement with the IMF. As regards the first priority, the EBRD noted that advancing the EU process is vital, and warned that Bosnia risks to be left behind, unless progress is made in preparing it for a possible EU membership application. However, the EBRD noted that this will require stabilisation of the political situation, as well as an agreement on constitutional reforms to result in more efficient institutions. The EBRD additionall6y comments that acceleration of privatisation will bring much-needed investment, as well as know-how and technology, and may boost growth rates. The EBRD notes, however, that accelerating privatisation will require some politically difficult decisions to be made by the authorities. With regard to the third priority, completing the Stand-By Arrangement with the IMF, the EBRD comments, "This would be a positive signal of the authorities' commitment to prudent macroeconomic policies and it would help unlock significant support from international financial institutions (IFIs) and other countries."

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