The Pak Banker

Bosnia endures division and stagnation

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Mirsad Zahirovic is a university-educated journalist and activist who moonlights as a waiter because he is not a member of one of the ruling political parties, which is almost the only way to get a job in his native Bosnia.

The 28-year-old belongs to "the children of Dayton", a generation named after the peace agreement signed 25 years ago at a U.S. air force base in Dayton, Ohio. The accord ended three-and-ahalf years of ethnic warfare in Bosnia that killed 100,000 people and forced 2 million from their homes. Zahirovic, who has made a documentar­y film about the Dayton generation, doesn't see much benefit from those 25 years of peace.

"The only good thing from Dayton is that it stopped the war," he said. Bosnia is marking the 25th anniversar­y of Dayton on Saturday without much fanfare, politicall­y polarised as ethnic rivals squabble over whether to leave the settlement as it is or revise the constituti­on, which is part of the accords.

The U.S.-brokered peace deal ended hostilitie­s between Serbs, Croats and Bosniaks (Bosnian Muslims) by splitting the country into two ethnically divided entities, linked via a weak central government. Several years later, the northern town of Brcko was declared a neutral district outside the jurisdicti­on of the two regions, and was hailed as Bosnia's biggest success as refugees from all ethnic groups returned and the economy blossomed.

But after an initial burst of economic growth following Dayton, Bosnia has stagnated as investors began to avoid a country held back by red tape and corruption. Bosnia has for years been at the bottom of the Transparen­cy Internatio­nal corruption index, its score steadily dropping since 2012.

There has also been a massive exodus of young people - Bosnia had the biggest brain drain in the world along with Haiti and Venezuela in the 2018 Global Competitiv­eness Report released by the World Economic Forum.

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