Delegation of the International Monetary Fund (IMF) arrived in a two-week visit to BiH yesterday. Together with entity and state ministries of finance, the IMF delegation will negotiate details and conclude the letter of intent on a credit indebtedness of BiH with this financial institution amounting to 1.05 billion BAM.
Minister of Finance of FBiH Jelka MIlićević said that the IMF mission will be staying in BiH until May 24, when the agreement on the loan should be finalized. Nedim Ilahi, head of the IMF mission, yesterday met with the Minister of Finance of RS Zoran Tegeltija, and in the coming days he will also hold meeting with federal and state ministers of finance.
Main topics at these meetings will be financial, fiscal and structural reforms, so that a new credit arrangement would be approved for BiH.
“Both entities are ready for an arrangement with the IMF and we will have the final opinion after the meeting of the fiscal council on May 24,” Milićević said.
Concrete details and conditions of IMF are still not known, apart from the basic attitudes that reforms must be continued. The only known information is that one of the conditions was the liquidation of the Bank of Srpska, which has already happened.
It is clear that BiH cannot function without a new loan and that, according to announcements of the leading personas, it will probably accept all conditions of indebtedness, and when those conditions are disclosed the public will know if some national enterprises will be sold or savings will be made on social categories.
(Source: klix.ba)
