News in English     | 03.04.2020. 09:50 |

Tegeltija and representatives of financing institutions hold videoconference

FENA Press release

SARAJEVO, April 3 (FENA) - Council of Ministers Chairman Zoran Tegeltija held a videoconference yesterday with representatives of international financing institutions in BiH - Resident Representative of the International Monetary Fund / IMF / BiH Andrew Jewell, Head of the World Bank Office in BiH Emanuel Salinas, Head of the European Bank for Reconstruction and Development Office (EBRD) in BiH Manuela Naessl, Head of the European Investment Bank (EIB) Office in BiH Sandrine Friscia and International Finance Corporation representative Lada Buševac on the current situation in BiH, as well as possibilities and models of response to the coronavirus pandemic.

On this occasion, Chairman Tegeltija thanked the representatives of international financing institutions for their prompt response and willingness to help BiH.

Addressing the participants in the videoconference, he called for a joint effort to support recovery from the crisis in the amount of a minimum EUR 600 million for BiH to adequately assist the health sector and the economy.

The Chairman of the Council of Ministers also suggested that the IMF Executive Directorate in Washington sends a request to increase the funds from the Rapid Financing Instrument from the current 50 percent to 100 percent of the quota paid, which would increase from 165 million euros to 330 million euros, which would be approved for BiH through this instrument.

Speaking about the economic aspect of the crisis, Chairman Tegeltija asked the representatives of international financial institutions to restructure their existing arrangements and adapt the existing cooperation strategies with BiH to the current situation, in order to adequately and quickly respond to the crisis that will inevitably result in reduction of the number of employees in BiH.

It is mutually agreed that it is of utmost importance to set up entity-level economic recovery funds as soon as possible, and to replenish these funds, inter alia, with funds from international financial institutions and the European Union, thereby enhancing the recovery of the economy and real sector in BiH and create new jobs.

Also, it was assessed that it is necessary to continue joint coordination of all levels of government in BiH through the Council of Ministers of BiH in order to implement the agreed measures more successfully and faster, the Council of Ministers of BiH announced.

(FENA) A. B.

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