Council of Ministers Adopted Decision to Withdraw A New Tranche of Stand-By Arrangement From IMF

The B&H Council of Ministers adopted the decision to withdraw the sixth tranche of the IV Stand-by Arrangement the from International Monetary Fund (IMF) and authorized the Ministry of Finance and Treasury to issue a promissory note in the amount of 95.446.776,71 BAM.

Two-thirds of these funds are allocated to the budget of the FB&H and one-third to the budget of the RS and the repayment of this debt shall be done by entities in accordance with applicable regulations.

The sixth installment is a confirmation that the authorities in B&H have fulfilled reform commitments agreed with the representatives of IMF, announced the Information Service of the B&H Council of Ministers.

(Source: Fena)