B&H to get more than 1, 4 million EUR from funds of Banayou Fund

The Council of Ministers adopted the information of the Ministry of Finance and Treasury on the status and distribution of funds in Banayou fund and authorized Lejla Simon, a member of the Joint Committee on issues from Annex C of the Agreement to order the transfer of funds from Banayou fund to the law office “Ogier” in the name of B&H.

Funds of the Banayou fund were created on the basis of the acquired Yugoslav debt towards the “London Club” of creditors according to the Agreement on Trade and Deposit Facility, which was signed in 1988.

On this basis B&H should get 1,373,069.43 EUR, 78,325.51 USD and 1,316.95 GBP.

The allocation of funds is agreed by the Joint Committee for the Implementation of Annex C of the Agreement on the issues of succession, in order to address the allocation of funds because the fund is likely to change due to the cost of its maintenance and the negative interest rates.

(Source: akta.ba)