The pivotal role that central banks play in steering countries towards EU integration was underscored at the meeting organised under the auspices of the Norway/UNOPS Knowledge for Reform Action in the Western Balkans (K4R) programme and in coordination with the Directorate for European Integration of BiH, held on 27 March 2025 at the Central Bank of BiH.

The discussion highlighted that the responsibilities of a central bank extend well beyond maintaining economic stability. They are integral in ensuring full compliance with EU standards — a critical requirement for candidate countries aspiring to join the European Union. Drawing on experiences from other EU candidate countries, with a particular emphasis on Montenegro’s EU negotiations, participants examined how central banks contribute to several key negotiation chapters: Chapter 4 – Free Movement of Capital; Chapter 9 – Financial Services; Chapter 17 – Economic and Monetary Policy; Chapter 18 – Statistics and Chapter 32 – Financial Control.

The areas discussed reflect the comprehensive mandate of central banks — from facilitating the free flow of capital and modernising financial services to ensuring rigorous financial control and the development of robust statistical systems. Such contributions are essential for laying the groundwork for a resilient and competitive economy, ultimately aligning BiH with European norms.

The Norway/UNOPS K4R programme continues to foster collaboration between key stakeholders to drive economic reform and promote sustainable integration within the Western Balkans.

For more information on impact of the K4R programme in Bosnia and Herzegovina, you can visit the webpage https://www.knowledge4reformaction.org/virtual-tour/bosnia-herzegovina/