Bosnian PM meets World Bank economist on development loan talks.

By bne IntelliNews January 31, 2013
Bosnian PM Vjekoslav Bevanda met in Sarajevo World Bank economist Abebe Adugna on Wednesday, Jan 30, in order to continue discussions on the countrys development policy loan (DPL) programme with the global lender, a statement posted on the governments website read. The programme comprises three DPL series with each of them containing certain requirements that need to be fulfilled for the approval of the next one. The World Bank approved the first DPL to Bosnia worth USD 100mn in 2010, while the remaining two are envisaged for 2012 and 2013. According to Vjekoslav Bevanda, the first loan contributed significantly to mitigate the effects of the global economic crisis while important reforms were achieved in the fields of legislation and finance, public spending and social benefits. Bevanda and Adugna held talks on the reforms needed for the activation of the new DPL, including the expected time frame within which the authorities could implement them. They also discussed the set of proposed reforms by the two entities of Bosnia and Herzegovina the Federation and the Serb Republic. In particular, the Federation requested the World Bank assistance for the implementation of its pension reform strategy, while the Serb Republic is preparing a health care reform, the statement said. Both entities are interested in improving the business environment via these reforms. However, the World Bank representatives expressed concern over the pension reform measures proposed by the Federation and underlined that developing a reform strategy is not a sufficient condition for obtaining financial assistance.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss