Press Releases

Bosnia and Herzegovina and the IMF

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile




Press Release No. 03/231
December 31, 2003
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Approves Two-Month Extension of Stand-By Arrangement with
Bosnia and Herzegovina

The Executive Board of the International Monetary Fund (IMF) today approved the extension of the Stand-By Arrangement for Bosnia and Herzegovina by two months to February 29, 2004. Bosnia and Herzegovina requested the extension to carry out prior actions on budgetary transfers to the State and on parliamentary approval of the 2004 budget in the Republika Srpska in connection with the fourth review under the Stand-By Arrangement.

The Stand-By Arrangement, which was approved on August 2, 2002 (see Press Release No. 02/35), totals SDR 67.6 million (about US$100 million). So far, Bosnia and Herzegovina has drawn SDR 55.6 million (about US$82 million) under the arrangement. The arrangement had been due to expire on November 1, 2003, but in early October was extended to December 31, 2003 (see Press Release No. 03/164).





IMF EXTERNAL RELATIONS DEPARTMENT

Public Affairs    Media Relations
E-mail: publicaffairs@imf.org E-mail: media@imf.org
Fax: 202-623-6278 Phone: 202-623-7100