Bosnia’s Council of Ministers unlocks IMF’s €330 million loan – N1

The BiH Council of Ministers on Tuesday unblocked a €330 million loan that the IMF approved for BiH in April to help the country address the COVID-19 crisis.

According to the decision formally adopted at the Tuesday session of Bosnia’s Council of Ministers, the amount would be distributed in a way that Bosniak-Croat shared Federation (FBiH) entity gets 61.5% of the amount for its ten cantons and the Serb-dominated Republika Srpska (RS) entity gets 37.5%, while Brcko District, a separate administrative unit in the north, would get 1% o the whole amount.

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