In the spring of 1992, Bosnia and Herzegovina declared its independence. Soon after, war broke out among the Croat, Serb and Muslim (Bosniak) inhabitants of the former Yugoslav Republic. Over the course of the next four years an estimated 250,000 people lost their lives. In November 1995, in Dayton, Ohio, the parties approved a US-brokered peace deal that retained the country's external borders but divided it almost equally into ¾ a joint Muslim/Croat Federation and the Bosnian Serb Republika Srpska (RS). The Federation and RS entities oversee internal functions while the national government conducts foreign trade and monetary customs policy. 1
Your Location: Global Analysis Home > Countries A-Z > Bosnia
In the spring of 1992, Bosnia and Herzegovina declared its independence. Soon after, war broke out among the Croat, Serb and Muslim (Bosniak) inhabitants of the former Yugoslav Republic. Over the course of the next four years an estimated 250,000 people lost their lives. In November 1995, in Dayton, Ohio, the parties approved a US-brokered peace deal that retained the country's external borders but divided it almost equally into ¾ a joint Muslim/Croat Federation and the Bosnian Serb Republika Srpska (RS). The Federation and RS entities oversee internal functions while the national government conducts foreign trade and monetary customs policy.