By World Bank, Wei Ding, Christine Wallich
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Extra resources for Bosnia and Herzegovina: toward economic recovery
A major concern at the present is the continued existence of internal checkpoints across Bosnia and Herzegovina and within the Federation that inhibits free and unencumbered movements of goods and donor supplies. Strong and immediate actions are required by all authorities involved to remove these barriers, since donor resources will quickly dry up if they find that their goods are subject to any interventions, and a monitoring and enforcement mechanism, with international support, should be established to ensure that these actions are taken and no new barriers established.
On April 1, the membership of Bosnia and Herzegovina in the World Bank, IDA and IFC was announced, effective February 25, 1993, the date of succession to the membership of the SFRY. This present report, prepared for the second Donors' Conference jointly sponsored by the European Union and the World Bank in April, 1996, serves two purposes. First, it provides a framework for understanding the challenges facing Bosnia in the critical period ahead as it seeks simultaneously to reconstruct its devastated economy, strengthen economic management, and undertake the transition from socialism to a market economy.
On December 2122, an international donor conference was convened in Brussels to secure much-needed financial assistance for reconstruction and humanitarian needs during the first quarter of 1996. NATO's implementation forces took over military peacekeeping duties from the United Nations' multilateral force on December 21. On January 4, 1996, the Office of the High Representative began to function in Sarajevo and Brussels. New State and Federation governments were named on January 30 and 31. The withdrawal of the three warring factions behind a zone of separation took place close to schedule, as did the removal of heavy weapons.
Bosnia and Herzegovina: toward economic recovery by World Bank, Wei Ding, Christine Wallich