Saudi Fund for Development Funds Construction of 1,000 Houses for Refugees



Deputy Chairman of the Council of Ministers of BIH and Minister of Finance and Treasury Dr Nikola Špirić and representative of the Saudi Ffund for Development Mohamed Alarifi signed in Sarajevo today a Loan Contract worth USD 18 million, for the purpose of return fo refugees and displaced persons to BIH.

Minister Špirić underlined that due to this loan arrangement, 1,000 families from within entire Bosnia and Herzegovina will be finally accommodated.

Under the singed Contract loan term is 25 years, grace period 5 years and loan processing fee is 1 per cent.

Under this loan arrangement funds were provided for the reconstruction and furbishing of the Municipality of Srebrenik building.

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