Bosnia's c-bank joins World Bank reserve advisory programme

World Bank RAMP specialists will offer on-site support to Bosnia's central bank, focusing on governance, strategic asset allocation, portfolio and risk management, as well as foreign currency hedging instruments, the global lender said in a press release on Monday.

"Cooperation with the World Bank, which provides expertise and experience, is a significant support to our efforts to improve the efficiency and compliance of foreign exchange reserve management with the highest international standards,” said Jasmina Selimovic, governor of Bosnia's central bank.

The World Bank's RAMP programme offers advisory, training, and asset management services to over 70 members, including central banks and sovereign wealth funds.