The economic impact in BiH this year will be better in comparison to last year, when economic growth was at level zero or slightly negative, announced the European Bank for Reconstruction and Development (EBRD).

The report “Regional economic outlooks”, states that the economy of BiH has been relatively stable in the last few years, but that domestic consumption remains weak, mostly due to fiscal austerity measures, a low flow of foreign funds and weak credit growth. It was pointed out that the stand-by arrangement with the International Monetary Fund in the amount of 520.6 million dollars represents a kind of protection from external “shocks” during the Eurozone crisis. EBRD believes that this arrangement represents a stronghold for a policy of implementing structural reforms.

Source: sarajevotimes.com