The Central Bank of Bosnia and Herzegovina reported that a World Bank mission met with CBBH officials to support ongoing projects to modernize Bosnia and Herzegovina’s payment systems, with a particular focus on work aimed at enabling the country to join the Single Euro Payments Area (SEPA). The payment-system modernization and SEPA-related projects were presented as central to Bosnia and Herzegovina’s economic integration with the European Union, with expected benefits including lower cross-border payment costs, improved connectivity with the diaspora, and increased foreign investment. The CBBH and the World Bank also positioned the initiatives as long-term measures to upgrade payment systems and modernize the country’s broader financial infrastructure.
Central Bank of Bosnia and Herzegovina 2025-06-18
Central Bank of Bosnia and Herzegovina highlights World Bank backing for payment system modernization and SEPA accession efforts
The Central Bank of Bosnia and Herzegovina, with a World Bank mission, is advancing projects to modernize payment systems, focusing on joining the Single Euro Payments Area (SEPA). These initiatives aim to enhance economic integration with the EU by reducing cross-border payment costs, improving diaspora connectivity, and boosting foreign investment. The efforts are part of a broader strategy to upgrade financial infrastructure.