The World Bank will support the Bosnian economy with loans of $750 million in 2022-2026
SARAJEVO (Bosnia and Herzegovina), July 20 (SeeNews) – The World Bank has announced that it has approved a new partnership framework with Bosnia and Herzegovina for the next five years, which includes loans totaling $750 million (732.3 million euros).
The 2022-2026 framework will focus on supporting the country’s sustainable recovery from the impact of the Covid-19 pandemic, as well as reforms to support further job creation and a greener and more inclusive economy. , the World Bank said in a press release on Tuesday. .
The new partnership framework will offer advisory and financial support to Bosnia and Herzegovina so the country can implement reforms to restore economic growth and create new jobs, the global lender said.
In addition, the International Finance Corporation (IFC) will endeavor to provide private capital in key sectors, while the Multilateral Investment Guarantee Agency (MIGA) will provide loan guarantees, the World Bank said. Both IFC and MIGA are part of the World Bank Group.
($ = 0.9764 euros)