C. Concluding Comments 967 Article IX – General provisions

Article VIII of the BiH Constitution does not explain how the BiH level is funded and financed. It is totally unlike Article VII, which expressly created the Central Bank and the operation of monetary policy at the BiH level.

The complex nature of BiH and its multiple levels of government need to be understood. Added to that, the nature and background of the first transfer of competency under III.5(a) of the BiH Constitution and the key laws that further define the current fiscal architecture need to be assimilated.