EC paid 125 million euros to BiH, Central Bank of BiH to distribute funds

SARAJEVO, (Patria) - The European Commission (EC) has transferred funds for Bosnia and Herzegovina in the amount of 124,301,000 EUR under the Credit Line Agreement between the European Union and Bosnia and Herzegovina.

This is the first tranche of macro-financial assistance funds based on the Credit Line Agreement between the European Union and Bosnia and Herzegovina. The Central Bank of Bosnia and Herzegovina (CBBH) will carry out the distribution according to the percentages determined in the Memorandum of Understanding between the European Union and Bosnia and Herzegovina, in a way that 61.5% of the funds will be allocated to the Federation of Bosnia and Herzegovina, 37.5% to Republika Srpska, and 1% to Brčko District of Bosnia and Herzegovina.

The Memorandum of Understanding between the European Union and Bosnia and Herzegovina was signed with the aim of providing macro-financial assistance to countries within the enlargement and neighbourhood, in the context of the crisis caused by the COVID-19 pandemic. Bosnia and Herzegovina has macro-financial assistance of up to 250 million EUR available in the form of a loan. This assistance from the European Union comes alongside resources that the country has received from international financial institutions and bilateral donors as support for economic stabilization and reform programs.