The Council of Europe Development Bank has approved a €11 million Loan to the Government of BiH

March 15, 2019 6:00 PM

During the last few years, Bosnia and Herzegovina has invested significant funds in the health sector, focusing on the upgrading of medical facilities and treatment equipment in the primary care segment.

The €11 million loan will be used for investments in psychiatric care. More specifically, it will finance the construction and modernisation of six psychiatric clinics located in Banja Luka, Modriča, Sokolac, Višegrad, Sarajevo and Mostar. The aim is to improve the functionality of the buildings, with particular emphasis placed on energy efficiency improvements and the use of renewable energy sources wherever possible.

Overall, this will upgrade the facilities concerned in line with European Union and World Health Organisation standards. It will also improve the care environment for patients and working conditions for staff. It is expected that the CEB loan will benefit not only the medical staff and some 900 persons who are resident patients in the six clinics, but also the thousands of persons using the facilities on an outpatient basis every year.

This is not the first CEB loan provided to Bosnia and Herzegovina for investments in the health sector. In recent years, two projects have been approved focusing on the construction of primary care centres and the modernization of existing ones in order to strengthen the sustainability of the healthcare system.

Governor Wenzel said: “This latest project approved underlines the CEB’s strong commitment to supporting its member countries’ investments in social public infrastructure. Quality, inclusive healthcare is crucial for social development and, as such, it is one of the areas to which the CEB attaches great importance. With this, the CEB and Bosnia and Herzegovina are expanding their cooperation, which covers several areas that are vital for sustainable development and social cohesion.”

Bosnia and Herzegovina, a member of the CEB since 2003, has also benefited from CEB funding in other sectors, such as microfinance, social housing, and the modernization of public infrastructure in urban and rural areas.

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