B&H Could Retrieve Solvency By the End of 2007

18 May 2004

By the end of 2007, Bosnia and Herzegovina could retain it credit and loan solvency and increase the competition capacities of its companies in the global capital markets. It could also reduce the poverty levels by 20% and establish a sustainable market economy, said Zlatko Hurtic, the PRSP Coordinator for B&H yesterday in Sarajevo.

He added during the presentation of PRSP to the international organizations, i.e. potential donors, that the unemployment should be reduced by 30 percent. All those potential achievements should accelerate the processes of B&H integration into the EU.

According to Hurtic, by 2007, B&H economy should reach the sustainability levels and eliminate the dependency on World Bank and IMF loans.

PRSP is a document that offers a real chance for Bosnia�s exit from the current economic crisis. However, Hurtic emphasized, the implementation would require 1.5 billion KM in order to be implemented.