BUSINESS

Delegation of Federal Government Spoke with Head of World Bank Office in BiH

vlada-federacije-bihThe Prime Minister of the FBiH Nermin Nikšić and the Federal Minister of Finance Ante Krajina, along with their colleagues, received yesterday in Sarajevo the Head of the World Bank Office to BiH Anabela Abreu.

The main topic of discussion was the credit arrangement with this financial institution through development programs (DPL).

Abreu said that the Board of Directors of the World Bank reviewed the achieved level of reforms in the FBiH, and particularly in the segment of adopting laws on favorable retirement and creating a favorable business environment.

She noted that these processes are running very slow and that a lot of time has been lost, and significant progress has not been made.

In this sense, she presented the decision of the World Bank Office, where the funds of the second tranche of the DPL are halved and 50 million dollars are focused on the reform of the business environment.

She expressed the readiness of the institution to lend technical support in reforms of the pension and social system in the FBiH.

The Head of the World Bank said that the other 50 million has not been lost and that these funds would probably be relocated for investment projects in both entities when the set conditions have been met.

Prime Minister Nikšić pointed out that the environment for the implementation of reforms that are, among other things, and the conditions for the arrangement with IMF, quite unfavorable, and expressed hope that the conditions would be met so that this process could reach the end.

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