prijava
SARAJEVO, May 4 (FENA) - The House of Peoples of the FBiH Parliament has adopted a decision to borrow 400 million KM for urgent fiscal needs as part of efforts to curb the spread of coronavirus under the International Monetary Fund's (IMF) Rapid Financing Instrument (RFI).
"Out of those 400 million KM, 200 million KM is earmarked for the cantons to mitigate the effects of the pandemic," confirmed the FBiH Finance Minister Jelka Milićević, adding that the repayment period of this loan is five years.
The aforementioned amount of funds will be used for increased health needs and for the financing of economic stabilization measures.
The House also adopted a second decision under which the Federation of BiH takes on a loan of 19,859,900 euros for the emergency Covid-19 project for Bosnia and Herzegovina. This is an agreement between Bosnia and Herzegovina and the World Bank - International Bank for Reconstruction and Development (IBRD).
Considering that the above decisions and liabilities were passed earlier in the House of Representatives, they shall enter into force on the day following its publication in the Official Gazette of the Federation of BiH.
(FENA) S. R.
