Fulfillment of Obligations Condition for Bosnia to get EUR250m Aid  | Beta Briefing

Fulfillment of Obligations Condition for Bosnia to get EUR250m Aid 

Source: Beta/Nezavisne novine
SEE Business / Bosnia | 15.12.20 | access_time 08:15

European Commision

The EU will condition the payment of a half of macro-financial aid to Bosnia and Herzegovina, in the amount of EUR250m, with the implementation of the other programs the country has pledged to implement. 

That includes the next extended arrangement with the IMF. Representatives of the EU Delegation in Bosnia and Herzegovina told the daily Nezavisne Novine that the EU was maintaining close coordination, not only within the services of the European Commission itself, but also with international organizations such as the World Bank and the IMF. 

That would ensure a complementarity and synergy with the EU aid programs and the relevant programs and activities of international financial institutions which pertain to their policies, the Delegation reps added. 

They explained that the EU would receive EUR250m for mitigating the effects of COVID-19 and for the preservation of jobs, and that the sum would be split into two installments.

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