WASHINGTON, March 23, 2017 - The World Bank’s Board of Executive Directors today approved the following loan:
Bosnia and Herzegovina Public Finances Development Policy Loan
IBRD Loan: EUR 74.5 million (US$80 million equivalent)
Terms: Maturity = 32 Years, Grace = 7 Years
Project ID: P149768
Project Description:
The development objectives of the Public Finances Development Policy Loan Program for Bosnia and Herzegovina (BiH) are to support policy and institutional efforts of BiH authorities to: (i) strengthen the medium-term management of public assets and liabilities for improved transparency of public finances; and (ii) enhance regulatory frameworks to lower medium-term fiscal pressures related to public employment, insolvency, and pharmaceuticals.
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