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The IMF, the World Bank, and Economic Policy in Bosnia

The IMF, the World Bank, and Economic Policy in Bosnia

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Published by Oxfam
This paper considers the role of the IMF and the World Bank in economic policy-making in post-war Bosnia, after the signing of the Dayton Agreement. The author reviews the political economic and social constraints on policy, the relations between the international financial institutions and the authorities in the region, assesses Bosnia's debt situation, and the problems caused by donor delays in disbursement of funds and the imposition of political conditionality. The viability of current economic policies are discussed, and also their social impact. The complexity of the economic and political situation in Bosnia means that there are no simple answers, and whatever course of action is chosen is likely to raise as many problems as it resolves. Throughout the paper, the author identifies some of the dilemmas facing economic policy-makers.
This paper considers the role of the IMF and the World Bank in economic policy-making in post-war Bosnia, after the signing of the Dayton Agreement. The author reviews the political economic and social constraints on policy, the relations between the international financial institutions and the authorities in the region, assesses Bosnia's debt situation, and the problems caused by donor delays in disbursement of funds and the imposition of political conditionality. The viability of current economic policies are discussed, and also their social impact. The complexity of the economic and political situation in Bosnia means that there are no simple answers, and whatever course of action is chosen is likely to raise as many problems as it resolves. Throughout the paper, the author identifies some of the dilemmas facing economic policy-makers.

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Published by: Oxfam on Apr 12, 2011
Copyright:Attribution Non-commercial

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06/05/2014

 
The IMF, the World Bank,and Economic Policy in Bosnia:a Preliminary Assessment
David Woodward
An Oxfam Working Paper
 
©OxfamGB1998First published by Oxfam GB 1998.ISBN 0 85598 396 5
A
catalogue record for this publication is available from the British Library.All rights reserved. Reproduction, copy, transmission, or translation of any part of
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publicationmay be made only under the following conditions:with the prior written permission of the publisher; orwith a licence from the Copyright Licensing Agency Ltd., 90 Tottenham Court Road, LondonWl
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9HE, UK, or from another national licensing agency; orfor quotation in a review of the work; orunder the terms set out below.This publication is copyright, but may be reproduced by any method without fee for teachingpurposes, but not for resale. Formal permission is required for all such uses, but will be grantedimmediately. For copying in any other circumstances, or for re-use in other publications, or fortranslation or adaptation, prior written permission must be obtained from the publisher, and a feemay be payable.Available from the following agents:
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This book converted to digital file in 2010

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