Novalic received the Delegation of the International Monetary Fund

March 11, 2017 3:30 PM

novalic (1)Yesterday, the Federal Prime Minister Fadil Novalić received a delegation of International Monetary Fund (IMF), led by the chief Nadeem Ilahi. The delegation consisted of a  representative of this financial institution in BiH Francisco Parodi and Deputy Director and Senior Economist in the European Department of the IMF Rifeng Zhang.

Among many topics discussed at the meeting, the amendments to the Law on Excise Tax, the process of privatization and restructuring of state-owned enterprises, the reform of the pension and the health sector were discussed in detail.

Particular attention was paid to the obligations stemming from the Letter of Intent in order to successfully access the first review under the extended arrangement with the IMF.

Novalić expressed his belief that the deadline for the fulfillment of these conditions will be met.  Moreover, he said that he is certain that the federal government is committed to the continuation of the arrangement with the IMF. He announced meetings on the entity managements on which the amending of the Law on Excise Taxes will be discussed and expressed the hope that there will be agreement on this issue.

In addition, Ilahi said that they are supporting the efforts of the Federal Government in the implementation of measures outlined in the reform agenda, and added that the IMF will, in fact, provide technical and other assistance in order for the planned objectives to be achieved.

The total loan of our country with the IMF is worth 1.081 billion BAM, and the first tranche in the amount of 154 155 170 BAM is withdrawn, of which two-thirds belong to the Federation of BiH and one-third of RS, reports the Federal Government.

(Source: faktor)


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