FIPA: SIGNED MEMORANDUM ON COOPERATION WITH AMERICIC NON-GOVERNMENT ORGANIZATION CRS

The Foreign Investment promotion Agency of Bosnia and Herzegovina (FIPA) has signed a Memorandum of Cooperation with the American NGO CRS with the aim to determine a partnership in the implementation of the RAST-Restoring Accountability and Supporting Transformation Project funded by USAID and implemented by CRS. 

The RAST project involves providing support to local municipalities in BiH, which are committed to intensively work on the establishment of a favourable business environment, with the Business Friendly Certification South East Europe Standard of certification of local municipalities with h a favourable business environment.

Based on the Memorandum, FIPA and CRS will support each other in areas specific to both institutions, with the aim to attract foreign investors and to improve economic co-operation and development of local communities in BiH.

They will work together on identifying investment potentials, preparing investment projects, and their presentation to potential investors. Depending on the interest of investors, as well as on the quality of the prepared projects, they will also organize an investment conference with the aim to find new investors for BiH.