The World Bank in Bosnia and Herzegovina THE

The World Bank in Bosnia and Herzegovina THE WORLD BANK COUNTRY OFFICE BOSNIA AND HERZEGOVINA Leader in post-conflict reconstruction - Partner in EU integration

THE WORLD BANK COUNTRY OFFICE BOSNIA AND HERZEGOVINA A leader in post-conflict reconstruction 1996 -2002 Lending: over 1 B up to 2002 Housing: Over 20, 000 apartment units and 2, 000 houses repaired Road and Infra: 2, 300 kilometers of roads, 41 bridges, 3 tunnels, Sarajevo’s Intl Airport rebuilt Microfinance and employment: 200, 000 jobs created or supported; 350, 000 microcredits disbursed (50% women) Cultural heritage/reconciliation: Mostar old bridge Financial sector: successful privatization led to establishment of sound banking system Catalyst and skilled facilitator: “In 1995, there was no way the warring parties could discuss reconstruction; they could not even agree where the discussion should be located. It took the Word Bank’s mediation to focus the Bosnians on practical problems: Should there be a central bank? How to reconcile conflicting tax and customs systems? ” S. Mallaby , The World’s Banker (2004). Partner in EU Accession Effective labor market programs introduced, 10, 000 hard-to place jobseekers employed, National forest inventory completed; Backlog of real estate transaction reduced and 80% of cases processed within 5 days; 6 sanitary landfills in line with EU standards operating; 144 wild dumpsites sanitized; local level infrastructure continuously improved; introduction of “family medicine” for 70% of population Global Crisis Response • Budget Support: reform of the longstanding but fiscally unsustainable and socially regressive system of rightsbased social benefits • SME Line of credit

THE WORLD BANK COUNTRY OFFICE BOSNIA AND HERZEGOVINA WB's country partnership strategy today

THE WORLD BANK COUNTRY OFFICE BOSNIA AND HERZEGOVINA STATUS OF PORTFOLIO

THE WORLD BANK COUNTRY OFFICE BOSNIA AND HERZEGOVINA Bidding/Consulting opportunities Invitations to bid or express interest for contracts under World Bankfinanced projects can be found at: The United Nations produces UN Development Business which provides information on business opportunities generated through the World Bank, regional development banks, and other development agencies. Development Business is available in either print format or by online subscription. For more information contact the Development Business Liaison Office at Tel: (202) 458 -2397; Fax: (202) 522 -3316 or E-mail: dbusiness@worldbank. org. The Development Gateway Market (dg. Market) is a global online marketplace providing information on donor and governmentfunded tenders. Currently, dg. Market publishes tender notices for projects funded by the African Development Bank, the Asian Development Bank, Europe Aid, European Bank for Reconstruction and Development, European Investment Bank, EU members states, IPA, and the World Bank. For more information, contact: info@dgmarket. com.

Centre for Financial Reporting Reform - Vienna A World Bank initiative supported by the Government of Austria (see worldbank. org/cfrr) A knowledge hub using advanced communication and learning tools (distance learning, social learning) and international benchmarks (EU acquis, International Financial Reporting Standards, International Standards on Auditing…) Assisting partner countries to respond to the challenges of a high quality implementation of EU acquis communautaire and best practices in the field of corporate financial reporting Towards facilitating investment through enhancing quality and availability of companies’ financial statements 6

CFRR Programs • DIAGNOSTIC WORK: Accounting & Auditing ROSC review legislation, institutional framework and actual practice (review of financial statements) • REGIONAL SUPPORT: Programmatic • REPARIS (Road to Europe program for activities accounting reform and institutional supported by the strengthening) for South East Europe Austrian and the supporting implementation of reforms at Swiss national level governments • TA for enhancing the institutional capacity (ADA and SECO): of New EU Member States to implement the acquis communautaire • COUNTRY LEVEL SUPPORT: Design of, and implementation support to, country action plans and reform programs 7

International Finance Corporation a long-term partner for your business

IFC is a member of the World Bank Group International Finance Corporation 1956 International Development Association 1960 Provides concessional loans to governments of the poorest countries. International Bank for Reconstruction and Development 1945 Lends to governments of middle income developing countries. 9 Multilateral Investment Guarantee Agency 1988 Provides guarantees to foreign investors against noncommercial risk International Centre for Settlement of Investment Disputes 1966 Settles investment disputes between foreign investors and host countries.

IFC’s Structure • Owned by 182 member countries • IFC is the main driver of private sector development in the World Bank Group • Global: Headquartered in Washington, D. C. • Local: More than 100 offices worldwide in 81 countries, more than half of IFC’s 3, 354 staff work in field offices • Southeast Europe: Serbia, Bosnia, Macedonia, Albania, Croatia, Bulgaria, Romania • 45 staff in Belgrade 10

IFC Financing IFC’s own account Mobilization* Loan Participants $20 bn $15 bn $10 bn $5 bn $0 * “Mobilization” includes syndicated loans, structured finance, IFC initiatives and other, and IFC Asset Management Company. 11

Investments by Industry, FY 10 Commitments for IFC’s Account: $12. 7 Billion Oil, Gas, Mining and Chemicals 8% Private Equity and Investment Funds 3% Subnational Finance 1% Agribusiness 4% Infrastructure 12% Health and Education 3% Global Manufacturing and Services 11% Global Financial Markets 54% Global Information and Communication Technologies 4% 12

Investments by Region, FY 10 Commitments for IFC’s Account: $12. 7 Billion Global 1% Middle East and North Africa 12% Sub-Saharan Africa 19% East Asia and Pacific 13% Latin America and the Caribbean 24% South Asia 8% Europe and Central Asia 23% 13

IFC in Europe and Central Asia IFC Hub Offices IFC Operational Centers IFC Offices St. Petersburg Moscow Nizhny Novgorod Minsk Warsaw Kiev Vinnytsia Bratislava Nikolaev Zagreb Belgrade Sarajevo Tirana Odessa Bucharest Sofia Skopje Istanbul Almaty Bishkek Tbilisi Yerevan Baku Tashkent Khodjand Dushanbe Kabul 14

IFC and Austria in Southern Europe • Austria is strong donor/partner in IFC Advisory Services § PPP in Infrastructure § Solid Waste Management/Recycling § Investment Climate • IFC supports/invests in Austrian groups/companies: § Raiffensen (Serbia, Bosnia) § Erste Bank-BCR § Porr (regional + Serbia) § Soravia (regional) § EVN (Macedonia) § Verbund (Albania-Ashta hydro-power: IFC as advisor) 15

Investments In Bosnia and Herzegovina Total Committed Portfolio = USD 131. 2 million Total Outstanding Portfolio = USD 108. 1 million Loan Investments = 91% CGM investments: Bosnalijek, Cimos, Sisecam Bosnia CGF investments: EKI Bosnia, MI- BOSPO, Nova Banka, Raiffeisen-Bosnia, Unicredit Bosnia CHE investments: Heart Center Bi. H CFN investment: Enterprise Fund (Horizonte Ventures) 16

Priority Sectors in Bi. H • Financial sector ( SMEs, energy efficiency, housing finance renewable energy) • Real sector (support strategic FDI in Bi. H, agribusiness, SME) • Infrastructure: transport, renewable energy 17

IFC Investment terms • Long-term loan and/or equity and/or quasi-equity • IFC finances max 50% of project cost for existing companies, 25% for greenfields • Minimum IFC financing: (in practice) $3 million • Commercial pricing (no subsidy) 18

IFC: a Long-term & Regional Partner • A long-term partnership perspective, providing clients important countercyclical/long-term financing when commercial banks cut back on volume and tenor • Global/regional network: we can help you enter new emerging markets • Political risk mitigation 19

We are open for business! Antoine Courcelle-Labrousse Bulevar kralja Aleksandra 86, Belgrade Serbia Tel: +381 11 3023 750 Email: acourcelle@ifc. org Selma Rasavac Avdagic Hamdije Kresevljakovica 19/IV Sarajevo Bi. H Tel: +387 33 251 555 Email: srasavac@ifc. org 20