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IFC is implementing or has completed the following advisory programs:
Donor: The Corporate Governance Program is financed by the Government of Switzerland through the State Secretariat for Economic Affairs (SECO). Contact info: Juan Carlos Fernandez Zara Regional Manager Bulevar Kralja Aleksandra 86 11000 Belgrade Serbia Tel: +381 (0) 11 3023 750 Fax: +381 (0) 11 3023 740 Email: JFernandez@ifc.org RECYCLING LINKAGES The challenge: The recycling industry is responsible for collecting, sorting, processing and marketing a vast range of materials, largely the by-products of manufacturing industries and end-of-life consumer products. The global recycling industry is developing rapidly, generating revenues of $160 billion annually and employing 1.5 million people world wide. The waste recycled per capita in Bosnia and Herzegovina is far lower than the amount recycled in Western Europe, indicating great potential for recycling industry growth. The IFC approach: IFC’s Recycling Linkages Program in Bosnia and Herzegovina is:
Donor: The Recycling Linkages Program is financed by Republic of Austria, Federal Ministry of Finance. Contact info: Valentina Popovska Regional Manager Ulica Makedonija 9 – 11 / III 1000 Skopje FYR Macedonia Tel: +389 2 3223 306 Fax: +389 2 3223 298 Email: VPopovska@ifc.org INTERNATIONAL STANDARDS AND TECHNICAL REGULATIONS The challenge: Companies in Bosnia and Herzegovina face steep challenges in meeting international standards and EU technical requirements which must be implemented if their products are to be exported or if they want to increase their competitiveness in the international market. An IFC survey showed that many companies in the country have a low level of understanding and technical expertise about ever changing international standards. The IFC approach: IFC’s International Standards and Technical Regulations Program is:
The program is assisting companies from the food processing, construction, manufacturing and IT sectors to introduce a wide range of standards including: ISO 9001:2000, ISO 14001:2004, ISO 22000, ISO 27001:2005, HACCP, BRC, IFS, CE mark, OHSAS 18000 and GMP. Donor: The International Standards and Technical Regulations Program is financed by the Royal Norwegian Ministry of foreign affairs and Slovenian Ministry of Economy. Contact info: Ivana Curic Regional Manager Hamdije Kresevljakovica 19 / IV 71000 Sarajevo Tel: +387 (0) 33 251 555 Fax: +387 (0) 33 217 762 Email: ICuric@ifc.org ALTERNATIVE DISPUTE RESOLUTION The challenge: According to Doing Business Report 2007 enforcing a commercial contract in Southeast Europe takes around 500 days, which directly hinders economic development and inhibits future investments. Compared with the other transition countries, the SE region requires on average the largest number of procedural steps – 34 to enforce a contract through a court. Businesses need a cheaper, more effective and efficient way to resolve their disputes – mediation. The IFC approach: IFC’s Alternative Dispute Resolution Program in Bosnia and Herzegovina provides businesses with an effective tool – mediation by:
Donors: The Alternative Dispute Resolution Program is financed by the Government of the Netherlands. In its start-up phase, it also received grant-funding from the Government of Canada. Contact info: Lada Busevac Regional Manager Hamdije Kresevljakovica 19 / IV 71000 Sarajevo Tel: +387 (0) 33 251 555 Fax: +387 (0) 33 217 762 Email: LBusevac@ifc.org SUB-NATIONAL COMPETITIVENESS The challenge “Investment is a local phenomenon” - Businesses select specific localities (e.g., cities, municipalities, entities) for investment and the business enabling environment (BEE) in specific localities drives the investment location decisions. Business regulation is one of several factors affecting BEE and competitiveness. The IFC approach: This project aims to stimulate competition for investment among localities and to reduce the cost and risk of doing business by: Designing and implementing procedures to systematically improve the quality of the stock and flow or regulations on the national and local levels since local reforms must be linked to national reforms in order to address issues in the BEE that are beyond the control of localities. Improving transparency by establishing registers of regulations and procedures related to business licenses, permits, and inspections that will be accessible to the general public and regularly updated. Assisting in the implementation of the simplified administrative procedures and building on e-government platform for service delivery. Building the capacity of local officials to implement and sustaining the reforms. Measuring impact of reforms Donor: The Sub-national Competitiveness Project is financed by the Government of Switzerland through the State Secretariat for Economic Affairs (SECO). Contact info: Margo Thomas Senior Operations Officer Bulevar Kralja Aleksandra 86 11000 Belgrade Serbia Tel: +381 (0) 11 3023 750 Fax: +381 (0) 11 3023 740 Email: MThomas@ifc.org BANK CAPACITY BUILDING AND MICROFINANCE The challenge: Limited access to finance remains one of the main development constraints in transition economies of Southern Europe, especially for micro, small and medium sized enterprises (MSMEs). There is an evident need to enhance lending capabilities of banks and non-bank financial institutions in the region. The IFC approach: IFC’s Bank Capacity Building and Microfinance Program in Southern Europe is:
IFC is currently implementing capacity building projects for MI-BOSPO and Nova Banka. Donor: The Bank Capacity Building and Microfinance Program is currently financed by IFC. Further funding is being sought to expand the activities. Contact info: Rolf Behrndt Senior Operations Officer Bulevar Kralja Aleksandra 86 11000 Belgrade Serbia Tel: +381 (0) 11 3023 750 Fax: +381 (0) 11 3023 740 Email: RBehrndt@ifc.org SUSTAINABLE FINANCE The challenge: In Southern Europe, the amount of energy used per unit GDP is 2-4 times that used in modern industrialized economies. Fuel and electricity prices are rising, and distribution networks that are old and under-capacity are creaking with the strain of economic development. In a world where climate change is increasingly at the forefront of many peoples’ minds, the challenge in these transition economies of Southern Europe is to ensure that new investments in industry, residential accommodation, commercial and public buildings use the most energy efficient technologies that are economically viable. The IFC approach: IFC’s Sustainable Finance Program in Southern Europe is:
IFC is currently implementing energy efficiency projects with Bosnia’s EKI. Donor: The Sustainable Finance Program is currently financed by IFC. Further funding is being sought to expand the activities. Contact info: Rolf Behrndt Senior Operations Officer Bulevar Kralja Aleksandra 86 11000 Belgrade Serbia Tel: +381 (0) 11 3023 750 Fax: +381 (0) 11 3023 740 Email: RBehrndt@ifc.org | SITE TOOLS  
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