Money from IMF in Amount of 330 Million BAM for Bosnia and Herzegovina is still blocked

May 26, 2020 9:30 AM

 

Money from the arrangement with the International Monetary Fund in the amount of 330 million BAM is still blocked. The blockade has been going on for more than a month, Vijesti.ba news portal reports.

The Governor of the Central Bank of BiH, Senad Softic, told N1 that the conditions for the distribution of funds have not been met.

“Apart from the promissory note of the Ministry of Finance and Treasury of BiH, an additional document is needed for the distribution of funds, ie the Decision of the Council of Ministers, which means that not all preconditions for money distribution have been created yet,” said Softic.

This refutes the claims of the Chairman of the Council of Ministers of BiH, Zoran Tegeltija, that the Central Bank has everything that is needed to pay off the funds. Tegeltija also stated last week that the decision on the distribution of funds from the IMF was made and defined in the Letter of Intent.

”I do not see any need for a new decision to be made. This is an unnecessary story about the distribution of funds,” said Tegeltija. The SDA party then called on Tegeltija to send an official written explanation to the Central Bank of BiH, so that the funds could be paid out.

 

 

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