Press Releases

Council of Ministers at its 48th Session Decides to Withdraw IMF Stand-By Arrangement Third Tranche

Press Releases

04/29/2013

The Council of Ministers took decision to withdraw the third tranche of the IV Stand-By Arrangement with the International Monetary Fund, and authorised the Ministry of Finance and Treasury to issue a promissory note worth SDR 33.82 million.

The two thirds of the amount are allocated for the Budget of the Federation of Bosnia and Herzegovina and one third for the Budget of Republika Srpska.

The payment of the remaining tranches is subject to IMF’s quarterly review and will be approved pending on fulfilment by Bosnia and Herzegovina its commitments.