Deputy Head of the Delegation of the European Union (EU) in Bosnia and Herzegovina, Renzo Daviddi presented the estimate that, out of 809 million euros collected at the conference, 40 percent refers to grants (nonreturnable funds), and 60 percent of funds refers to affordable loans.
“I cannot give the exact ratio, but during the donor conference I recorded the pledges that were given by donors and international financial institutions, and according to these notes the assets are divided 40 to 60 percent;” said Daviddi.
At the conference, which was organized to raise funds for the reconstruction of Bosnia and Herzegovina and Serbia after the catastrophic floods, representatives from more than 60 countries and 23 international organizations as well as representatives of civil society and the private sector have pledged 809.2 million Euros for Bosnia and Herzegovina.
Daviddi said that the exact figures will be available to the public next week, but added that part of the funds is already available and that around 42 million Euros for the activities of cross-border cooperation should be available very soon.
“These funds are envisaged for the reconstruction of infrastructure (schools, hospitals and other public institutions), care of the elderly and people with disabilities who are placed in collective centers and for the prevention of flooding in the future and to small and medium enterprises,” explained Daviddi.
When it comes to the way resource will be allocated he emphasized that part of the funds will be distributed among the various levels of government (it refers to funds from international financial institutions), funds provided by the EU will be implemented through a project basis, and there are also funds which will be provided by international institutions including the United Nations.
(Source: Fena)
