The Prime Minister of the Federation of Bosnia and Herzegovina (FBiH), Nermin Niksic, met with Alina Iancu, Head of the IMF Mission in BiH, and Andreas Tudyka, IMF Resident Representative, to discuss economic prospects, reforms, and recovery efforts following recent natural disasters.

Niksic reported projected economic growth of 2.5–2.8% for 2024, citing positive macroeconomic trends, including a 9% rise in contribution revenues and an 8.5% increase in indirect tax revenues in the first 10 months of the year. “This growth enables timely fulfilment of obligations while implementing measures to boost consumption and business cycles,” he said.

He highlighted infrastructure investments in roads, railways, and energy as critical to stimulating private investments. On the floods and landslides in early October, Niksic expressed commitment to repairing material damages, while acknowledging the irreparable loss of human lives.

The IMF representatives offered condolences and pledged support for recovery efforts.

Discussions also included the implementation of the 2024 budget and fiscal reforms. Niksic noted that the government approved a Draft Law on Fiscalization of Transactions, marking the first step in broader fiscal reforms. Additionally, a proposed amendment to the Income Tax Law aims to provide workers with non-taxable performance-based payments of up to 200 Bosnian marks (€102) per month.

The IMF delegation will continue its visit to Bosnia until November 20, focusing on economic and financial developments in the country.