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Bosnia approves 23 mln euro IBRD loan for geospatial project

Jun 19, 2024, 12:13:42 PMArticle by Dragana Petrushevska
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June 19 (SeeNews) - Bosnia and Herzegovina's Council of Ministers said it has approved a 23.1 million euro ($24.8 million) loan from the International Bank for Reconstruction and Development (IBRD), part of the World Bank group, for a geospatial infrastructure and valuation enhancement project.

Bosnia approves 23 mln euro IBRD loan for geospatial project
Sarajevo. Photo by the tourism association of canton Sarajevo.

The goal of the project is to improve the accuracy of land administration information in the Federation entity, the Council of Ministers said in a statement on Tuesday.

The repayment period of the loan will be 32 years, including a seven-year grace period.

The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.

($ = 0.931 euro)

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