IMF wants new fund with ability to extend ELA in Bosnia and Herzegovina

Central Bank of Bosnia and Herzegovina

The IMF is calling for the creation of a financial stability fund in Bosnia and Herzegovina with the power to provide emergency liquidity assistance (ELA) to stressed banks – a way of getting around the restrictions of the currency board arrangement followed by the central bank.

In a report published on July 9, following a financial system stability assessment, the IMF warns "important elements of the financial safety net are either missing or not adequately developed", including the ability to

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