News in English     | 20.11.2020. 15:56 |

Letica: Consequences of COVID crisis on the economic situation in BiH

FENA Aida Kovač

SARAJEVO, November 20 (FENA) - A two-day meeting of the Subcommittee on Economic and Financial Affairs and Statistics between the European Union and Bosnia and Herzegovina, via video conference, ended today, and one of the topics was the consequences of the Covid-19 pandemic on the economic situation in Bosnia and Herzegovina, and ways and chances to mitigate the crisis.

The meeting was co-chaired on behalf of BiH by Vera Letica from the Ministry of Finance and Treasury of BiH, and on behalf of the European Commission by Uwe Stamm from the General Directorate for Economic and Financial Affairs.

Letica told FENA that the meeting focused on the consequences of the epidemiological crisis on the economic situation in Bosnia and Herzegovina and the measures that the entity governments, together with the BiH Council of Ministers, are taking and the plan what to do in the future.

Also, she added, they discussed the possibilities for mitigating the crisis and options for additional sources of funding.

"Specifically, the macro-financial assistance of the European Commission, which is currently in the phase of harmonization, and the signing of specific documents is expected so that this assistance of 250 million euros would be available to the authorities in BiH," stated Letica.

It is expected, she added, "as every year, to have concrete recommendations, because we reported for this period how much BiH has advanced in certain reforms and measures in the field of economy, public finance, statistics, internal and external audits, etc."

"We expect certain recommendations, which would be the basis for us in the institutions for our further plans and work in the coming period," said Letica.

(FENA) S. R.

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