BUSINESS

B&H Will Receive 48 Million Euros from IMF At End of October

NOVAC EUROThe International Monetary Fund (IMF) will review the request in November of B&H to extend and increase the stand-by arrangement, said the Residential Representative of the IMF to B&H Ruben Atojan.

‘’Due to the good results with the current stand-by arrangement, the IMF will be pleased to consider this request in November during the visit of the Mission’’, said Atojan, adding that the decision will depend on the strength of the economic policy of B&H.

According to him, the IMF Executive Board will approve on 28 October a new tranche of 48 million Euros for B&H, according to the agreement worth 385 million Euros, achieved in September 2012, because all conditions have been met.

(Source: ekapija.com)

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