This initiative comprises a $60 million Investment Project Financing (IPF) component and an additional $60 million in financing from the European Investment Bank (EIB).

The project's primary objective is to collaborate with Bosnian and Herzegovinian utilities and coal mining companies, initiating key just transition measures in specific mines while concurrently supporting national-level policy reforms.

The World Bank's Board is set to approve the project in March 2024. The EEGP team conducted a follow-up mission in Bosnia and Herzegovina in July 2023 to advance these efforts.