Council of Ministers of B&H at the session made the decision on withdrawal of seventh and eight tranche of IV stand by arrangement from IMF funds and authorized the Ministry of Finance and Treasury to issue a promissory note in the amount of 370.058.320,84 BAM.
From the seventh and eighth tranche in the amount of 185.029.160,42 BAM, two thirds are allocated for the FB&H and one third for RS, and the repayment of this debt, entities shall do in accordance with applicable regulations.
IMF has approved a further debt along with eighth tranche in the amount of 185.029.160,42 BAM for rehabilitation of flood consequences in May 2014. Two percent of these funds will go for Brčko district and 49 percent for FB&H and 49 percent for RS.
The seventh and eighth tranche are confirmation that the B&H government has fulfilled earlier reform commitments agreed with the representatives of the IMF, announced PR Service of the B&H Council of Ministers.
(Source: Fena)
