The World Bank in
Bosnia and Herzegovina
THE WORLD
BANK
COUNTRY
OFFICE
BOSNIA AND
HERZEGOVINA
Leader in post-conflict
reconstruction - Partner
in EU integration
THE WORLD BANK
COUNTRY OFFICE BOSNIA AND HERZEGOVINA
A leader in post-conflict
reconstruction 1996-2002
Lending: over 1B up to 2002
Housing: Over 20,000 apartment units and
2,000 houses repaired
Road and Infra: 2,300 kilometers of roads, 41
bridges, 3 tunnels, Sarajevo’s Intl Airport
rebuilt
Microfinance and employment: 200,000 jobs
created or supported; 350,000 microcredits
disbursed (50% women)
Cultural heritage/reconciliation: Mostar old
bridge
Financial sector: successful privatization led to
establishment of sound banking system
Catalyst and skilled facilitator: “In 1995, there
was no way the warring parties could discuss
reconstruction; they could not even agree
where the discussion should be located. It took
the Word Bank’s mediation to focus the
Bosnians on practical problems: Should there
be a central bank? How to reconcile conflicting
tax and customs systems?” S.Mallaby ,The
World’s Banker (2004).
Partner in EU Accession
Effective labor market programs
introduced, 10,000 hard-to place jobseekers employed, National forest
inventory completed; Backlog of real
estate transaction reduced and 80% of
cases processed within 5 days; 6
sanitary landfills in line with EU
standards operating; 144 wild dumpsites sanitized; local level infrastructure
continuously improved; introduction of
“family medicine” for 70% of
population
Global Crisis Response
•Budget Support: reform of the longstanding but fiscally unsustainable and
socially regressive system of rightsbased social benefits
•SME Line of credit
THE WORLD BANK
COUNTRY OFFICE BOSNIA AND HERZEGOVINA
WB's country partnership strategy today
THE WORLD BANK
COUNTRY OFFICE BOSNIA AND HERZEGOVINA
STATUS OF PORTFOLIO
THE WORLD BANK
COUNTRY OFFICE BOSNIA AND HERZEGOVINA
Bidding/Consulting opportunities
Invitations to bid or express interest for contracts under World Bankfinanced projects can be found at:
The United Nations produces UN Development Business which
provides information on business opportunities generated through
the World Bank, regional development banks, and other
development agencies. Development Business is available in either
print format or by online subscription. For more information contact
the Development Business Liaison Office at Tel: (202) 458-2397;
Fax: (202) 522-3316 or E-mail: dbusiness@worldbank.org.
The Development Gateway Market (dgMarket) is a global online
marketplace providing information on donor and governmentfunded tenders. Currently, dgMarket publishes tender notices for
projects funded by the African Development Bank, the Asian
Development Bank, Europe Aid, European Bank for Reconstruction
and Development, European Investment Bank, EU members states,
IPA, and the World Bank. For more information,
contact: info@dgmarket.com.
Centre for Financial Reporting Reform - Vienna
A World Bank initiative supported by the Government of Austria
(see worldbank.org/cfrr)
A knowledge hub using advanced communication and learning
tools (distance learning, social learning) and international
benchmarks (EU acquis, International Financial Reporting
Standards, International Standards on Auditing…)
Assisting partner countries to respond to the challenges of a high
quality implementation of EU acquis communautaire and best
practices in the field of corporate financial reporting
Towards facilitating investment through enhancing quality and
availability of companies’ financial statements
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CFRR Programs
• DIAGNOSTIC WORK: Accounting & Auditing
ROSC review legislation, institutional
framework and actual practice (review of
financial statements)
• REGIONAL SUPPORT:
Programmatic
• REPARIS (Road to Europe program for
activities
accounting reform and institutional
supported by the
strengthening) for South East Europe
Austrian and the
supporting implementation of reforms at
Swiss
national level
governments
• TA for enhancing the institutional capacity
(ADA and SECO):
of New EU Member States to implement the
acquis communautaire
• COUNTRY LEVEL SUPPORT: Design of, and
implementation support to, country action
plans and reform programs
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International Finance Corporation
a long-term partner
for your business
IFC is a member of the World Bank Group
International
Finance
Corporation
1956
International
Development
Association
1960
Provides
concessional
loans to
governments of
the poorest
countries.
International
Bank for
Reconstruction
and
Development
1945
Lends to
governments of
middle income
developing
countries.
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Multilateral
Investment
Guarantee
Agency
1988
Provides
guarantees to
foreign investors
against noncommercial risk
International
Centre for
Settlement of
Investment
Disputes
1966
Settles
investment
disputes
between
foreign
investors and
host countries.
IFC’s Structure
• Owned by 182 member countries
• IFC is the main driver of private sector development in the
World Bank Group
• Global: Headquartered in Washington, D.C.
• Local: More than 100 offices worldwide in 81 countries, more
than half of IFC’s 3,354 staff work in field offices
• Southeast Europe: Serbia, Bosnia, Macedonia, Albania, Croatia,
Bulgaria, Romania
• 45 staff in Belgrade
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IFC Financing
IFC’s own account
Mobilization*
Loan Participants
$20bn
$15bn
$10bn
$5bn
$0
* “Mobilization” includes syndicated loans, structured finance, IFC initiatives and other, and IFC Asset
Management Company.
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Investments by Industry, FY10
Commitments for IFC’s Account: $12.7 Billion
Private Equity
Oil, Gas, Mining
and Chemicals 8%
and Investment
Funds 3%
Subnational
Finance 1%
Agribusiness
4%
Infrastructure
12%
Health and
Education 3%
Global Manufacturing
and Services 11%
Global Financial
Markets 54%
Global Information and
Communication Technologies 4%
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Investments by Region, FY10
Commitments for IFC’s Account: $12.7
Billion
Global 1%
Middle East and North Africa
12%
Sub-Saharan Africa 19%
East Asia and Pacific
13%
Latin America and the
Caribbean 24%
South Asia 8%
Europe and Central Asia 23%
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IFC in Europe and Central Asia
IFC Hub Offices
IFC Operational Centers
IFC Offices
St. Petersburg
Moscow
Nizhny
Novgorod
Minsk
Warsaw
Kiev
Vinnytsia
Bratislava
Zagreb
Belgrade
Sarajevo
Tirana
Nikolaev
Odessa
Bucharest
Sofia
Skopje
Istanbul
Almaty
Bishkek
Tbilisi
Yerevan
Baku
Tashkent
Khodjand
Dushanbe
Kabul
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IFC and Austria
in Southern Europe
• Austria is strong donor/partner in IFC Advisory Services
 PPP in Infrastructure
 Solid Waste Management/Recycling
 Investment Climate
• IFC supports/invests in Austrian groups/companies:
 Raiffensen (Serbia, Bosnia)
 Erste Bank-BCR
 Porr (regional + Serbia)
 Soravia (regional)
 EVN (Macedonia)
 Verbund (Albania-Ashta hydro-power: IFC as advisor)
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Investments In Bosnia and Herzegovina
Total Committed Portfolio = USD 131.2 million
Total Outstanding Portfolio = USD 108.1 million
Loan Investments = 91%
CGM investments: Bosnalijek, Cimos, Sisecam Bosnia
CGF investments: EKI Bosnia, MI- BOSPO, Nova Banka,
Raiffeisen-Bosnia, Unicredit Bosnia
CHE investments: Heart Center BiH
CFN investment: Enterprise Fund (Horizonte Ventures)
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Priority Sectors
in BiH
• Financial sector ( SMEs, energy efficiency, housing finance
renewable energy)
• Real sector (support strategic FDI in BiH, agribusiness, SME)
• Infrastructure: transport, renewable energy
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IFC Investment terms
• Long-term loan and/or equity and/or quasi-equity
• IFC finances max 50% of project cost for existing companies,
25% for greenfields
• Minimum IFC financing: (in practice) $3 million
• Commercial pricing (no subsidy)
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IFC: a Long-term
& Regional Partner
• A long-term partnership perspective, providing clients
important countercyclical/long-term financing when
commercial banks cut back on volume and tenor
• Global/regional network: we can help you enter new emerging
markets
• Political risk mitigation
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We are open for business!
Antoine Courcelle-Labrousse
Bulevar kralja Aleksandra 86, Belgrade
Serbia
Tel: +381 11 3023 750
Email: acourcelle@ifc.org
Selma Rasavac Avdagic
Hamdije Kresevljakovica 19/IV Sarajevo
BiH
Tel: +387 33 251 555
Email: srasavac@ifc.org
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