IMF on B&H Letter of Intent on 31 January

The board of directors of the International Monetary Fund (IMF) will hold a session on 31 January in Washington, where the B&H letter of intent on continuation of stand-by arrangement with this institution will be discussed, announced the IMF Office in B&H for Fena.

The letter of intent was submitted to the IMF with a delay due to the crisis caused by the decision of FB&H President Živko Budimir on 3rd January to replace the Minister of Finance Ante Krajina.

On 15 January the FB&H Constitutional Court brought a temporary decision by which Krajina will continue his duty as Minister of Finance of FB&H until the final decision is made.

A new tranche of loans for B&H in the amount of 93 million BAM is expected to be approved at the session of the IMF Board of Directors.

(Source: Fena)