Minister Špirić Talks with IMF Delegation on Stand-By Arrangement Realisation



Deputy Chairman of the Council of Ministers of BIH and Minister of Finance and Treasury dr. Nikola Špirić received a delegation of the International Monetary Fund, led by Head of Mission Ron van Roden.

The IMF representatives assessed that the current Stand-By Arrangement is being successfully realised and that the IMF Board of Directors approved the drawdown of the sixth tranche and extended the Arrangement to June 30, 2015.

The meeting stressed the structural reforms are necessary to continue, with a remark that indirect tax collection controls should be tightened, especially focusing on debt collection.

They stressed an increased transparency after law amendments enabled making names of tax and customs debtors public, in line with recommendations of the IMF technical mission.

The meeting agreed that the commitments from the Supplemental Letter of Intent were met with as planned at the BIH level, and that issues connected with the House of Peoples of the Parliamentarian Assembly of BIH should be solved as early as possible so as to prevent other delays in fulfilment commitments under of the Stand-by Arrangement.

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