Bosnia hopes to agree new arrangement with IMF in May

Bosnia and Herzegovina can hope for a new arrangement with the International Monetary Fund of about EUR 500 million to stabilise public finances and support the budgets of the country's two entities, Bosnian media said on Monday, reporting on a visit by state and entity officials to Washington for talks with IMF and World Bank representatives over the weekend.

The IMF's Sarajevo office said in a press release that it had been agreed that an IMF mission would visit Bosnia in May and resume talks on a package of tax, financial and structural reforms on which the approval of a new credit arrangement depended.

IMF and WB representatives held productive talks with the Bosnian officials, with both sides confirming they were committed to reaching an agreement on an ambitious economic reform programme, it was said.

Bosnian Council of Ministers Chairman Denis Zvizdic told Klix portal the Bosnian officials asked for an expanded three-year arrangement in the amount of EUR 537 million, voicing confidence that an agreement would be reached in May.

Last update: Mon, 18/04/2016 - 21:07


More from Balkan

Plenkovic's meetings in Sarajevo reflect understanding and desire for greater cooperation

Prime Minister Andrej Plenkovic on Friday pledged support for efforts for achieving full equality of Bosnia and...

Montenegro premier "needs to rest" after quarter-century in power

Montenegro’s longtime Prime Minister Milo Djukanovic said that the need for rest led him to leave government after...

Plenkovic: Croatia will intensify cooperation with Bosnia

Croatian Prime Minister Andrej Plenkovic said in Sarajevo on Friday at the start of a two-day official visit to...

Croatian PM: Time is ripe for Dayton upgrade

Croatian Prime Minister Andrej Plenkovic says that the time is ripe to upgrade the Dayton peace agreement in Bosnia...

Plenkovic: It's time to deal with the past

Prime Minister Andrej Plenkovic said on Thursday that, by attending in Slovenia earlier today the burial of victims...