Chairman of Council of Ministers Talks with WB Vice-President

Chairman of the Council of Ministers of B-H Dr. Nikola Špirić talked in Istanbul with Philippe Le Houerou World Bank Vice-President for Europe and Central Asia. The Chairman of the Council of Ministers informed the World Bank Vice-President of the economic situation in B-H. 

They discussed the World Bank portfolio, currently comprised of 12 IDA loans, one IBRD loan and three GEF grants. The total funds for 16 approved projects amount to USD 267.4 million.

 

Špirić highlighted a need for improved project effectiveness.

 

The Chairman of the Council of Ministers also asked for B-H to remain within the IDA-terms lending framework.

 

Špirić emphasised that B-H faces significant challenges, and mentioned specifically the social sector reform.

 

The Vice-President of the World Bank expressed his concern over the decision of the House of Representatives of the Parliament of FB-H to accept requests vowed at the war veteran protests in Sarajevo.

 

Chairman Špirić said B-H authorities must comply with their commitments stemming from the Letter of Intent on the Conclusion of the Stand-By Arrangement with the IMF, aimed at maintaining the financial system stability.

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