The Central Bank of Bosnia and Herzegovina reported that Governor Jasmina Selimovic, attending the International Monetary Fund and World Bank Annual Meetings in Washington, D.C., met with senior IMF and World Bank officials to discuss macroeconomic and financial stability priorities and the digital transformation of the financial system. She highlighted the central bank’s strategic focus on the SEPA (Single Euro Payments Area) accession project and implementation of the TIPS Clone (TARGET Instant Payment Settlement) system as key payment-system modernisation initiatives. Discussions with IMF Deputy Managing Director Bo Lee covered preserving macroeconomic and financial stability, strengthening banking-sector resilience, and aligning policy measures amid global monetary policy trends. In a separate meeting with IMF European Department Director Alfred Kammer, the focus was on inflation, fiscal sustainability, and growth prospects in Bosnia and Herzegovina and Europe, with Kammer expressing support for the consistent implementation of the currency board policy. Meetings with IMF Dutch-Belgian Constituency representatives Jeroen Clicq and Marnix van Rij addressed inflation and structural reform needs, while Selimovic also pointed to Bosnia and Herzegovina’s recent full membership in the OECD International Network on Financial Education (OECD/INFE) as a basis for developing national financial education and inclusion programmes. Selimovic also addressed a Dutch-Belgian constituency meeting, underlining the importance of central bank independence and noting competitiveness challenges facing developing countries. Talks with World Bank officials, including Executive Director Eugene Rhuggenaath and Vice President for Europe and Central Asia Antonella Bassani, focused on cooperation on digital transformation and the World Bank’s role in supporting development projects, including climate resilience.
Central Bank of Bosnia and Herzegovina 2025-10-17
Central Bank of Bosnia and Herzegovina Governor outlines SEPA accession and TIPS Clone instant payments plans in meetings with IMF and World Bank officials
Governor Jasmina Selimovic of the Central Bank of Bosnia and Herzegovina attended the IMF and World Bank Annual Meetings, discussing macroeconomic stability and digital transformation initiatives, including SEPA accession and TIPS Clone implementation. Meetings with IMF and World Bank officials covered banking-sector resilience, inflation, fiscal sustainability, and cooperation on development projects. Selimovic also highlighted Bosnia and Herzegovina's OECD/INFE membership for advancing financial education and inclusion.