World Bank lends USD 34mn to improve land governance in Bosnia.

By bne IntelliNews October 29, 2012
The World Bank said its executive board approved last week a USD 34.1mn loan to Bosnia's Real Estate Registration Project (RERP), which aims to assist the development of a sustainable real estate registration system in the countrys urban areas with harmonised land register and cadastre records. RERP should help the establishment of a well-functioning land administration system by 2016, the World Bank said in a statement. Over 40% of the Bosnian population is expected to benefit from the improved access to land and credit and the enhanced ownership security, the statement added. The value of World Banks 11 active projects in Bosnia at present exceeds USD 420.4mn, while area of support includes agriculture, energy, environment, health, social safety and employment, local infrastructure and private sector development.

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