WB to extend USD 126mn to Bosnia in 2010.

By bne IntelliNews January 25, 2010
The WB has approved a Development Policy Loan (DPL) Programme for the country, the international financial institution announced. It is to be implemented in 3 years (2010-2012) and aims to render public expenditure more sustainable while improving the protection of the vulnerable categories, improve public sector pay management practices, and strengthen the external competitiveness of the private sector. About USD 126mn will be extended to the country during the first phase of the programme, while it is expected that second phase will follow in 2011-2012. The DPL programme would complement the IMF stand-by arrangement, agreed by the authorities last year.

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