Council of Ministers determined principles of aid distribution

(Patria) - The Council of Ministers of BiH, at the proposal of the Ministry of Security, adopted the Decision on the principles of distribution of material and financial international aid for protection and rescue.
According to the Decision, international aid for protection and rescue is distributed according to the principle determined in percentages: 62% for the Federation of Bosnia and Herzegovina, 38% for the Republic of Srpska, and 0.5% of this aid is allocated by the Federation of BiH and the Republic of Srpska to Brčko District of BiH.

In accordance with this decision, the federal portion of the aid will be distributed in equal proportions to the Federation of BiH and its 10 cantons, i.e., 50% each. The distribution of international aid for protection and rescue according to the determined percentages will be carried out by the Council of Ministers of BiH, upon the proposal of the Coordination Body of Bosnia and Herzegovina for Protection and Rescue.

Medicines and sanitary vehicles exempt from indirect taxes

A Decision was made on amendments to the Decision on exemption from calculation and payment of indirect taxes and refund of already paid indirect taxes on equipment and means donated by domestic and international entities for the needs of prevention, control and elimination of the epidemic caused by the coronavirus (Covid – 19). With this amendment to the Decision, medicines and sanitary vehicles are exempt from the calculation and payment of indirect taxes.
 
Consent given for the use of EC Macro-financial Assistance
 
The Council of Ministers of BiH adopted the Information on the Initiative for the use of the European Commission's Macro-financial Assistance instrument for Bosnia and Herzegovina and gave consent for Bosnia and Herzegovina to join this initiative. Also, the Council of Ministers of BiH agrees with the letter sent by the Chairperson of the Council of Ministers to the European Commission – Directorate-General for Economic and Financial Affairs, due to the deadlines defined by the European Commission and the need for urgent action, regarding BiH's intention and interest in using the European Commission's Macro-financial Assistance for BiH. This involves loan funds with a favorable interest rate, and the basic prerequisite for their use is a concluded arrangement with the International Monetary Fund. The amount, tranches, and loan conditions will be agreed upon in the coming period.