Dr. Mladen Ivanić graduated the Economic Faculty of the University of Banja Luka in 1981, obtained his Magister diploma at the Economic Faculty of the Belgrade University in 1984, where he finished his PhD in 1988. Since 1985, he started lecturing the Basics of Economics at the University of Banja Luka. In January 2001, he was named the Prime Minister of the Republic of Srpska, and remained in function until 2003. He also served as a Minister for Foreign Affairs of Bosnia and Herzegovina between 2003 and 2007. In 1999, he founded the Party of Democratic Progress of Republika Srpska and is the president of the party. He is the author of a number of books and text books, as well as a large number of scientific and expert articles. After the general elections in Bosnia and Herzegovina in 2014, he was named a member of the Presidency of Bosnia and Herzegovina and Republika Srpska.