The International Monetary Fund (IMF) approved
a two-year, 520-million-dollar (405-million-euro) loan to Bosnia late
Wednesday to support the government's economic programme, dpa reported.
The loan is intended to help Bosnia counter the effects of the
worsening external environment and addressing domestic structural
weaknesses, the IMF said.
'In recent months, Bosnia's ... economic recovery has been losing
momentum and risks to the outlook have tilted to the downside. In
this context, the authorities' comprehensive economic program for the
period ahead is timely and welcome,' the IMF said in a statement.
The decision enables the disbursement of the initial 78-million
dollar tranche, with the rest to be disbursed following a positive
evaluation of the programme implementation on a quarterly basis.