Sweden provides EUR 73mn for Bosnia's development.

By bne IntelliNews October 11, 2010
Sweden is to provide some EUR 73mn (KM 142.8mn) worth of financial assistance to Bosnia to support its future development, pursuant to an agreement signed by Bosnian foreign affairs minister Sven Alkalaj and Sweden Ambassador to Bosnia Bosse Hedberg, the Onasa news agency reported. The financing will be provided in 2011-2014 and about EUR 18.3mn are planned to be allocated per year. The financial support will be provided through the Swedish development agency SIDA and would also be aimed at supporting Bosnia's integration to the EU by detecting three major arrears for focused support - democracy, human rights and gender equality; market development - improving the business environment, enhancing the competition and the SMEs competitiveness, and municipal infrastructure for environment protection. The assistance will be aimed at raising the administrative capacity at central and local levels in these areas in order to meet the EU requirements. In its endeavour, Sweden is to cooperate with the WB, the EBRD and the EIB, and also with the European Commission.

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