Press Release: €50 million of Macro-Financial Assistance for Bosnia and Herzegovina, more concrete reforms expected

Bosnia and Herzegovina (BiH) received the first tranche (payment) worth €50m from the Macro-Financial Assistance provided by the European Union.

The decision to grant this assistance was taken to alleviate the impact of the economic crisis on Bosnia and Herzegovina's budgetary and external position. The total macro-financial assistance to Bosnia and Herzegovina amounts to €100 million and is in line with the commitment of the 27 EU Member States to the European perspective of Bosnia and Herzegovina. It is a concrete sign of how the European Union provides support to the people of BiH. The first instalment was paid after the country fulfilled the required conditions.

The European Union expects that the governments in BiH at state and entity level now use this assistance to support economic growth so as to improve living standards.

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