prijava
SARAJEVO, May 7 (FENA) - Governor of the Central Bank of Bosnia and Herzegovina, Senad Softić, welcomed the participants of the Trade Facilitation Program session, which is being held in Sarajevo as part of the Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development (ERBD).
“It is a pleasure to see more than 200 representatives of 150 financial institutions and organizations from 51 countries. We are here to discuss the latest world trends in trade financing, as well as to celebrate champions in trade finance at the award ceremony,” said Softić.
The Trade Facilitation Program supports trade in 28 EBRD countries, and since its inception, it has supported almost 800 transactions in Bosnia and Herzegovina.
“At the moment, there are currently three active partner banks in BiH within this program, and in fact two of them joined the program at its inception, 20 years ago and are still active today,” said Softić.
He pointed out that the financial system of Bosnia and Herzegovina in the last decade has been stable and profitable. In our country, there are 23 banks controlled by two agencies, and the Central Bank is in charge of coordinating and supervising the financial stability of the system.
“Finding a balance will be a major challenge for the future. There is great scope for improving trade between BiH and the regions that are in the focus of the Trade Facilitation Program. Trade with other countries of Central and Eastern Europe is increasing, especially because of the CEFTA agreement, but we should strive for better trade integration within the region, especially in the light of global trade disputes,” Softić emphasized.
This year, the Trade Facilitation Program marks its 20th anniversary. The number of supported trade transactions currently stands at 23,000, exceeding 19 billion euros.
(FENA) S. R.
