Funds transferred on the basis of the loan agreement between the EU and Bosnia and Herzegovina
Update: 09 October 2021 20:08 STI
Sarajevo [Bosnia and Herzegovina], October 9 (ANI / FENA): The European Commission (EC) transferred funds to Bosnia and Herzegovina in the amount of EUR 124,301,000.00 on the basis of the credit line agreement between the European Union and Bosnia and Herzegovina.
This is the first tranche of macro-financial assistance funds based on the agreement on the line of credit between the European Union and Bosnia and Herzegovina.
The Central Bank of Bosnia and Herzegovina (CBBH) will distribute according to the percentages defined in the Memorandum of Understanding between the European Union and Bosnia and Herzegovina, so that 61.5 percent of the funds will be allocated to the Federation. from Bosnia and Herzegovina, 37.5% to the entity of Republika Srpska and 1% to the Brcko district in Bosnia and Herzegovina.
The Memorandum of Understanding between the European Union and Bosnia and Herzegovina was signed with the aim of providing macro-financial assistance to enlargement and neighborhood countries, in the context of the COVID-19 pandemic crisis. Bosnia and Herzegovina has macro-financial assistance of up to € 250 million in the form of a loan. This European Union aid comes from resources obtained by the country from international financial institutions and bilateral donors in support of the stabilization and economic reform program. (ANI / FENA)