The USAID Partnership for Advancing Reforms in the Economy (PARE) assists the government of Bosnia and Herzegovina (BiH) with its growing, unmet demand for targeted and timely technical assistance in the financial services sector.

PARE is designed to strengthen the regulatory framework, for the financial services sector, improve the financial administration of public resources, and improve the enabling environment for private-sector investment and growth through the provision of targeted, demand-driven assistance.

PARE serves the financial sector in BiH including banking, insurance, central banking, leasing, factoring, pension reform, and capital markets with the goal of strengthening regulatory system for the financial services sector in BiH, improving performance, and standardizing regulatory framework by implementing European Union standards, principles, and best practices.

PARE works in partnership with counterparts in Parliamentary Committees to enhance their capacity to review and act upon recommendations of the State and Entity Audit Offices. PARE creates partnerships with key counterparts to enhance financial administration of public resources in BiH and strengthen ability of media to effectively communicate audit findings.

PARE partners with BiH private and public sector counterparts to create better environment for effective financial intermediation. The project technical assistance includes building the capacity of associations of professionals in the financial services sector in order to strengthen their advocacy capacities.