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Bosnia and Herzegovina: First Programmatic Public Expenditure Development Policy Operation

April 8, 2010

IBRD Loan: US$45 million equivalent

IDA Credit: US$66 million equivalent

Project ID: P116951

Project Description: The operation has three main objectives: (i) to increase social assistance to the poor, while reducing the fiscal deficit and creating fiscal space for poverty-reducing growth; (ii) to improve the structure and efficiency of public expenditures; and (iii) to reduce social contribution rates and pressures on private sector wages from faster wage growth in the public sector, thereby enhancing private sector competitiveness.

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Michael Jones
Tel : (202) 473-2588