Grb BiH

BOSNIA AND HERZEGOVINA

Memorandum of Understanding on technical cooperation between Ministry of Finance and Treasury of Bosnia and Herzegovina and the Ministry of Finance of the Netherlands was signed

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A Memorandum of Understanding was signed between the Ministry of Finance of the Netherlands and the Ministry of Finance and Treasury of Bosnia and Herzegovina. The MoU will enable the continuation of technical cooperation between both Ministries. The cooperation will take place in the context of the Constituency Program of the Dutch Ministry of Finance.

Ministry of Finance of the Netherlands has close relations with her counterparts in the countries that share the Dutch constituencies at IMF, World Bank Group and EBRD. This correlation is the fundament of the Constituency Program, through which the Ministry offers its assistance to support counterparts and affiliated organizations in their development and reforms, if requested so.

The Constituency Program aims to assist Ministry of Finance and Treasury of Bosnia and Herzegovina and affiliated Institutions of constituency countries in achieving (or promoting awareness of) European and international standards in transparent and solid public finances. Dutch best practices can be instrumental to achieve that aim.

This cooperation is based on a request by the BiH Ministry, and it will provide Dutch expertise, exchange of knowledge and experiences between Dutch and Bosnian counterparts. The cooperation will be coordinated with the work of EU, International Financial Institutions (IFI’s) and other (bilateral) donors.

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