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IEG Good Practice Awards: 2005 Winners
Project Award
 Winner
Bosnia-Herzegovina Local Initiatives Project
Reason for Selection
Working under difficult post-conflict conditions, the Bank provided microcredit in a sustainable way to economically disadvantaged and underserved groups in both political entities of Bosnia and Herzegovina. By being based in the field, the project team was able to provide the needed flexibility to respond to a rapidly changing economic terrain in a timely way and to adapt the project to it. The project successfully established a legal and financial framework for the ongoing provision of microcredit to a broad range of the population.
Project Description
Approved: December 13, 1996
Closed: June 30, 2000
IEG PPAR date: March 19, 2004
Project Team Members
Joseph Formoso
Sarah Forster
Neil Simon Gray
Andras Horvai
Rory O’Sullivan
Christiaan Poortman
Irina Smirnov
Goran Tinjic
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