Jewell to BiH authorities: Agree as soon as possible or you will jeopardize 330 million euros in aid for BiH

SARAJevo, (Patria) - Following the Executive Board's decision to increase the amount of emergency assistance available to member countries, the IMF is now ready to provide 330 million euros to Bosnia and Herzegovina within the framework of the Rapid Financing Instrument (RFI) to combat the crisis caused by COVID-19, said the statement by the IMF Resident Representative in Bosnia and Herzegovina, Andrew Jewell.

"However, before the RFI can be approved, the authorities must first reach an agreement on how the RFI funds will be divided between the two entities. Failure to reach an agreement will result in a delay of assistance. The Executive Board currently has more than 90 requests for emergency assistance, and it may be difficult to find another date in the near future when the Board could consider BiH's request," Jewell said.

"We encourage the authorities to work together to reach an agreement as soon as possible," he told BiH authorities.