This report covers the main macroeconomic releases from November 1 until November 30, 2016 as well as the financial and political events that took place in Bosnia during this period. Bosnia & Herzegovina is among the countries assessed by its citizens to have the most severe corruption problems, according to a survey of Transparency International on Europe and Central Asia. Three Western Balkan countries – Bosnia & Herzegovina, Albania and Macedonia – are among the top nine in terms of the percentage of emigrants, according to 2015 data from the United Nations, the Pew Research Center reported. The government of Bosnia & Herzegovina said on November 10 it has approved a draft agreement with Russia on the settlement of a $125.2mn debt owed by the former USSR to the Balkan state when it was part of former Yugoslavia. Bosnia & Herzegovina should focus on improving the business environment in the country in order to help reduce the jobless rate and boost FDI inflows, the International Monetary Fund (IMF) said. Bosnia & Herzegovina’s economic growth is expected to accelerate to 3.4% in 2017 from an estimated 3.1% this year, according to the government’s economic projections for 2017-2019, adopted on November 10. Key points: • CPI deflation eased to 0.7% in October • The working-day adjusted industrial production increased 4.5% y/y in October • The foreign trade gap narrowed 3.6% y/y to BAM5.55bn (€2.84bn) in the first ten months of 2016