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Bosnia to seek 20 mln euro IBRD loan for real estate registration project

Author Iskra Pavlova
Bosnia to seek 20 mln euro IBRD loan for real estate registration project Flag of Bosnia and Herzegovina; License: CC0 Creative Commons

SARAJEVO (Bosnia and Herzegovina), June 11 (SeeNews) - Bosnia's government said it has decided to start negotiations for a 39 million marka ($22.6 million/19.9 million euro) loan from the International Bank for Reconstruction and Development, part of the World Bank Group, to be used to finance a real estate registration project.

The project aims to support the development of a sustainable real estate registration system with harmonized land register and cadastre records in the urban areas of Bosnia's two constituent entities - the Federation and the Serb Republic, the Council of Ministers said in a statement after its regular meeting on Monday.

Out of the total loan, 14 million marka are intended to be allocated to the Federation and the remaining 25 million marka to the Serb Republic.

(1 euro = 1.95583 marka)

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