This report covers the main macroeconomic releases from April 6 until May 5, 2016 as well as the financial and political events that took place in Bosnia during this period.
Bosnia & Herzegovina's prime minister Denis Zvizdic said that the government had reached an agreement with the International Monetary Fund (IMF) that will include a BAM1.05bn (€540mn) financial package.
The World Bank forecasted that rising domestic demand will lift Bosnia & Herzegovina’s economic growth above 3.0% a year in the medium term. GDP is expected to rise by 2.6% this year, down from an estimated 2.8% in 2015, but should accelerate to 3.1% next year and to 3.5% in 2018.
Bosnia & Herzegovina slipped two positions to 68th out of 180 countries in the 2016 Press Freedom Index from Reporters Without Borders (RSF).
The opposition bloc Savez za Promjene (SZP) is planning a national protest in Bosnia & Herzegovina’s smaller entity, Republika Srpska, on May 14 against the authorities’ policies which it says have damaged the economy in the entity.
German development bank KfW plans to provide Bosnia & Herzegovina with €300mn for energy projects in the coming years.
The Bosnian State Investigation and Protection Agency (SIPA) has reportedly launched a probe at Banka Srpske following media reports that the bank had stolen hundreds of millions of Bosnian marka worth of its clients' savings by investing them in fake companies.
• CPI deflation worsened to 1.8% y/y in March
• The retail sales, measured at constant prices, increased by 6.6% y/y in March
• The foreign trade gap narrowed 3.7% y/y to BAM1.4bn (€720mn) in the first quarter of 2016
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