Speeches Shim
Last updated: July 12, 2021
It may be worth listening to your colleague describe over coffee how her organization (say, USAID) helped implement international accounting standard IFRS 9 in the banking system of Bosnia and Herzegovina (BiH). To most people, accounting is a dry, boring subject. But reliable numbers, along with money itself, matter.
When we talk about our work with IRI here in Bosnia and Herzegovina, we usually discuss election monitoring or roundtable events with government or civil society leaders – not a film being shown in the Balkans, New York, and Washington DC. But this past year and a half, our work has crossed paths with the likes of, dare we say it, Hollywood.
Until recently, there was no single place where investors could obtain clear and complete information about all the permits they needed to build an electric power plant in Bosnia and Herzegovina (BiH). Within the complex organization of the country – 13 governments: the state, two entities, and 10 cantons – and the numerous permits required, there is no single body to coordinate the process and communicate with potential investors.
Unlike most of her peers in Bosnia and Herzegovina (BiH), Vanja Predanović decided at the age of 19 that it was time to find a job, become independent, and support her family financially. Vanja joined a training program at Belt, a local leather company that was planning to expand but needed labor with specific skills to do so. And she got the job.
For the first time, household consumers and small businesses in Bosnia and Herzegovina (BiH) can compare electricity prices and shop around for the best deal. Local regulators from BiH, prominently supported by USAID, publicly launched an online electricity price comparison tool, www.uporedistruju.ba, in December 2018. This one-of-a-kind tool will help customers to better understand the electricity sector and, more importantly, save money on their electricity bills.
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