GRADISKA, BOSNIA AND HERZEGOVINA—A small town of some 50,000 people in northwestern Bosnia and Herzegovina (BiH) opened its door to investors and they noticed: Some of Europe’s biggest companies are looking to invest in Gradiska after it rolled out the industrial zone equivalent of the red carpet – a wastewater treatment plant – and became a certifiably ‘business friendly’ town.
The temptation to shave numbers and shift funds between accounts leads some companies down the dark road of tax evasion year after year. But some countries are making good progress in fighting such corruption, including Bosnia and Herzegovina (BiH).
USAID makes Bosnia attractive to investors, one municipality at a time
Efforts to make small cities in Bosnia and Herzegovina (BiH) ‘business friendly’ seem to be paying off. London-based Financial Times (FT) included such BiH cities in its 2018/19 report ranking the most promising European cities and regions for investors.
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.
Young people are important for developing and maintaining peace and stability in Bosnia and Herzegovina, and having shared goals and values decreases the social distance between them. This USAID program brings together young people of different ethnicities and from divided communities to play on the same sports teams, leagues, and tournaments throughout the year. The Youth Sports and Recreation Association implements this $500,000 three-year project for USAID.
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Last updated: March 28, 2019
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