Sachs: Bosnia should have a '2030 Development Agenda'

Sachs is best known for his economic shock therapy implemented across the world. He was advisor to the Yugoslav, Russian, Polish, Bolivian and other governments.

He suggests Bosnia should invest in education, innovation and technological development. “Bosnia should have the main ‘2030 Development Agenda.’ People should have a future, they should have a vision of Bosnia by 2030. The other area of interest for Bosnia should be investments. Investments which should be maintained through skills, technology and infrastructure,” Sachs said.

The Foundation's founder Zlatko Lagumdzija also spoke about the Agenda.

“Let’s sit here and begin the process of defining the ‘2030 Development Agenda,’ not for the planet, but for Bosnia and the Balkans,” Lagumdzija said.

Other economic experts present at the lecture had different opinions on the theories and doctrines presented by Sachs.

“The theories proved very positive in some central and south European countries; primarily in Poland, Hungary, Czech Republic and Slovakia. On the other hand, they weren’t as successful in some other countries. As far as Bosnia is concerned, she didn’t go through a fast, effective transition,” said Anto Domazet, one of the professors at the Sarajevo School of Economics, Sarajevo University.

Among the present were the Federation of Bosnia and Herzegovina (FBiH) entity Prime Minister Fadil Novalic, former Bosnian Presidency member Ejup Ganic, professors at the Sarajevo School of Economics Zeljko Sain and Fikret Custovic.

Sachs will also meet separately with the incumbent Presidency members Bakir Izetbegovic and Mladen Ivanic.