Wednesday, November 26, 2014


Bosnia

IMF Approves $520 Million Bosnia Loan

The international support is aimed at helping Bosnia overcome sluggish economic results.
The international support is aimed at helping Bosnia overcome sluggish economic results.
The International Monetary Fund (IMF) has approved a two-year, $520 million loan to Bosnia to support the government's economic program to combat lagging growth.

The stand-by loan was approved late on September 26 in Washington.

The IMF said in a statement that "in recent months, Bosnia's...economic recovery has been losing momentum."

The decision enables the disbursement of the initial $78 million tranche, with the rest to be disbursed following a positive evaluation of the program implementation on a quarterly basis.

Based on reporting by dpa and AFP

Most Popular