Bosnia-Herzegovina will curb its budget deficit to be eligible for international loans worth 214 million euros (USD275 million), central bank chief Kemal Kozaric said. The government intends to limit budget deficit to 3.5 percent of economic output, which will enable the nation to draw some 38 million euros from a 1.2 billion euros International Monetary Fund loan.

“The tranche is important because it’s tied to 100 million euros of funds from the European Commission as well as some [USD]100 million for the Bosnian corporate sector from the World Bank,” Kozaric was quoted by Bloomberg as saying.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.