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Press Release No. 01/44
November 5, 2001
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Reviews Noncompliant Credit Drawing by Bosnia and Herzegovina

The Executive Board of the International Monetary Fund (IMF) today reviewed a purchase by Bosnia and Herzegovina at the conclusion of the Sixth and Seventh Reviews of the Stand-By Arrangement which expired on May 29, 2001. The purchase was noncomplying, owing to a reporting error. The Executive Board also reviewed the corrective action subsequently taken by the authorities. Following the review, the Executive Board granted a waiver, which brought the purchase into compliance with IMF rules.


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