Bosnia gets 35 m dlrs in project funding from W Bank

Representatives of Bosnia-Herzegovina and the World Bank signed Friday in Sarajevo financing agreements for several projects amounting in total to nearly 35 million dollars, the World Bank said in a statement.

Bosnia gets 35 m dlrs in project funding from W Bank
Representatives of Bosnia-Herzegovina and the World Bank signed Friday in Sarajevo financing agreements for several projects amounting in total to nearly 35 million dollars, the World Bank said in a statement.

Two new projects and two supplemental financing agreements for existing projects would be financed from soft loans signed with the World Bank, according to the statement.

The soft loans would support investments in agriculture and rural development, urban infrastructure, forest development and conservation, as well as preparedness against an avian influenza outbreak.

Some 21 million dollars in credit would be invested in agriculture and rural development to "strengthen the capacity of the state and entity institutions in delivering more efficient and effective agricultural services," World Bank country manager for Bosnia- Herzegovina Marco Mantovanelli said.

The credit agreement would also accelerate Bosnia-Herzegovina's eligibility to access funds under a European Union scheme for countries wishing to join the 27-member bloc, Mantovanelli said.

Nearly 3.5 million dollars would go for forest development projects, while the bird-flu preparedness project and the urban infrastructure project would be financed with 5 million dollars each.

The projects are financed through "soft loans" with no interest and a 25-year repayment period, including a 10-year grace period.

The World Bank currently supports 16 projects in Bosnia- Herzegovina, worth over 300 million dollars.

DPA
Last Mod: 31 Ağustos 2007, 16:17
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