The Federal Government adopted the Decision on approval to indebting of the Federation of BiH under the Loan Agreement between BiH and the World Bank – International Bank for Reconstruction and Development (IBRD), in amount to 44.7 million Euros.
This amount represents 60 percent of total 74.5 million euros approved for BiH for development policy of public finances (DPL).
The funds are intended to support the government to implement policy measures in order to strengthen public finances. Specifically, the public finances will be strengthen in the context of a broader agenda of macroeconomic and structural reforms. The loan is granted with a repayment period of 32 years, involving a seven-year grace period.
The approval for execution of a Subsidiary Agreement between BiH and FBiH for these funds is given, and a federal Minister of Finance is authorized to sign
(Source: akta)
