OREANDA-NEWS. June 26, 2015. An International Monetary Fund (IMF) mission, led by Mr. Ron van Rooden, visited Sarajevo and Banja Luka, to assess recent economic developments and discuss a new economic program that could be supported by the IMF.

At the conclusion of the visit, Mr. Ron van Rooden made the following statement:

“The mission and the authorities made progress in discussing policies to boost growth by intensifying reforms to attract investment and create more private sector jobs; continuing fiscal consolidation to place public debt on a steady downward path; improving the quality of government spending; and safeguarding financial sector stability and reviving bank lending.

“The authorities need more time, however, to work out the details of policies in a number of areas, including measures to improve the functioning of the labor market, strengthen tax collection, enhance bank oversight, and improve the business environment. The mission will maintain a close dialogue with the authorities in the period ahead and stands ready to assist them in their efforts.”