Commission proposes €100 million macro-financial assistance to Bosnia and Herzegovina
The assistance would complement the adjustment programme agreed by the Bosnian authorities with the IMF to weather the impact of the economic crisis.
The Commission today adopted a draft decision recommending to the Council to provide macro-financial assistance (MFA) in the form of a loan of €100 million to Bosnia and Herzegovina.
The loan would be provided in two instalments, tentatively in the second and fourth quarter of 2010. The assistance supports, and is conditional on the respect of the adjustment programme agreed between Bosnia and Herzegovina and the IMF. It complements the latter's financial assistance to the country.