EU awards pre-accession aid to Bosnia

The European Commission and Bosnia have shaken hands on a deal under which the country will receive a total of USD647.7 million in aid. The five-year long arrangement will enable Bosnia to design and implement reforms to ease its way into full membership to the European Union, and finalize its fiscal policies for annual assistance programs. “We believe this agreement is a key sign of confidence and support to the E.U. future of this country,” said European Commission Western Balkan directorate head Pierre Mirel. To date, the bloc has provided at least USD2.79 billion in assistance to Bosnia to help the country recover from a three-year war.

Source: EU gives Bosnia 440 mln euros in pre-accession aid (Reuters)

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