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IMF Approves $520 Million Bosnia Loan

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