SARAJEVO (Bosnia and Herzegovina), January 12 (SeeNews) - The European Union will put off the disbursement of the second tranche of 125 million euro ($142 million) in Covid-19 related macro-financial assistance (MFA) to Bosnia over the failure of Bosnian authorities to deliver on commitments they took by signing the MFA agreement, local media reported on Wednesday.
The disbursement of the second tranche is subject to the implementation of reforms in the areas of economic governance and institution building, financial sector stability, transparency and the fight against corruption, as well as improved functioning of the labour market, the Nezavisne daily quoted the Delegation of the EU to Bosnia as saying.
The EU will assess Bosnia's compliance with the conditions of the macro-financial assistance in the coming months, the Communication Office of the Delegation of the EU to Bosnia said.
Under the agreement signed in December 2020, the second tranche of MFA was expected to be disbursed this month, Nezavisne said. Bosnian authorities received the first tranche of 125 million euro in October.
($ = 0.8801 euro)