November 13 (SeeNews) - Bosnia and Herzegovina will receive two grants worth a combined 19.5 million euro ($21.5 million) from German development bank KfW for energy efficiency projects, the council of ministers said.
The draft agreements for the two grants were adopted by the government on Tuesday, it said in a statement after a regular meeting.
The financial assistance will comprise a 9.5 million euro grant agreement to be signed by KfW and Bosnia's state-level finance ministry together with the finance ministry and the spatial planning ministry of Bosnia's Federation entity, and a 10 million euro grant which will go to the finance ministry and the spatial planning ministry of Bosnia's Serb Republic entity.
Both grants will finance energy efficiency projects in public buildings across the country.
The Federation and the Serb Republic are the two autonomous entities which comprise Bosnia and Herzegovina.
($=0.9086 euro)