With today's signing of the Protocol among the European Central Bank, the Delegation of the European Commission in BH and the Central Bank of Bosnia and Herzegovina, we are officially marking the start of Eurosystem Needs Assessment Program to the benefit of the Central Bank of Bosnia and Herzegovina.
In the long run, procedures to ensure fiscal policy commitment will have to be strengthened, for example by enhancing the Stability and Growth Pact. More effective macroeconomic surveillance and the development of a crisis resolution mechanism would, at least in the medium term, also be helpful. Thank you for your attention. BIS Review 122/2010  3