IMF

The letter of intent must be accepted by the Fiscal Council of B&H

The entities are borrowing and repaying the loan, and we all take on the obligations, says Bevanda

Bevanda: Negotiations will begin next week. Archive

Piše: M. Aščić

Negotiations of B&H authorities with the delegation of the International Monetary Fund (IMF) on a new loan for our country will begin next week, this was confirmed yesterday for "Avaz" by Vjekoslav Bevanda, Minister of Finance and Treasury of B&H. 

The IMF mission in Washington informed B&H authorities two days ago on the start of negotiations, which are scheduled for next week.

In the draft of the Letter of Intent, our state is asking for a 36-month arrangement worth 638.5 million dollars or about 1.5 billion KM.

According to Bevanda, he officially received information about the new arrangement and the upcoming meetings with the IMF mission, scheduled for next week, few days ago. 

As you know, the entities are borrowing and repaying the loan, the obligations from the Letter of Intent, which should be accepted by the Fiscal Council of B&H, we all take on them. So only after these meetings can we give more precise attitudes. I would not like to prejudge anything now, because the decision on the arrangement with the IMF is made by the Fiscal Council of BiH - says Bevanda.