The key economic challenge for Bosnia and Herzegovina in the imbalance of its economic model: public policies and incentives are skewed toward the public rather than the private sector, consumption rather than investment, and imports rather than exports. The country needs to shift to a business environment that is conducive to private investment.
The Real Estate Registration Project is working with land registry and cadastre offices around the country to develop a sustainable real estate registration system. The project is expected to help 1.68 million people across nearly 500 cadastral municipalities.
Countries in the Western Balkans are growing at a faster pace than in 2015, with regional growth projected to be 2.8 percent in 2016 and 3.2 percent in 2017, according to the latest World Bank Western Balkans Regular Economic Report (WB RER). Accelerating growth in Albania and Serbia compensated for weaker expansion in Montenegro and the Former Yugoslav Republic (FYR) of Macedonia; while growth in Kosovo slowed in 2016, it remained the fastest growing economy.