Session of Federal Economic and Social Council canceled

April 22, 2020 11:30 AM

The session of the Economic and Social Council for the Territory of the Federation of Bosnia and Herzegovina, scheduled for 13.00 on Wednesday, has been canceled.

The public will be informed in a timely manner about the new session, is announced from the Federation of BiH Government Office of Public Relations.

The Council of Ministers of Bosnia and Herzegovina, during telephone emergency session held on Tuesday, did not adopt the decision on withdrawing funds from the International Monetary Fund (IMF)  to finance the increased health sector needs and measures for economic stabilization.

Minister of Foreign Affairs, Minister of Defense and Deputy Minister for Human Rights and Refugees have decided not to vote for the decision.

The Council of Ministers of Bosnia and Herzegovina, at the proposal of the Ministry of Defense, adopted a Decision approving the repatriation of cadets and professional military personnel of the Armed Forces of Bosnia and Herzegovina who are attending studies in the Republic of Turkey.

The Board of Directors of the International Monetary Fund approved a 330 million euro loan in Washington to combat the pandemic of the coronary virus that Bosnia and Herzegovina sought in a letter of intent, is confirmed to Srna news agency by the Chairman of  Council of Ministers Zoran Tegeltija.

Funds are approved. The board of directors session is over and they unanimously supported the decision to approve BiH funds,said Tegeltija, who is also chairman of the Fiscal Council.

IMF funds will be used to finance the remediation and mitigation of adverse economic consequences.

This decision has been formally addressed to Bosnian government representatives and members of the Fiscal Council.

SNSD leaders Milorad Dodik, HDZ BiH Dragan Covic and SDA Bakir Izetbegovic on April 11th met with EU and IMF officials and reached an agreement to unblock € 330 million from the IMF for BiH, according to which Republika Srpska was owed 38 percent and the Federation of Bosnia and Herzegovina 62 percent of loans.

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