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IMF eyes review of stand-by deal with Bosnia by end-2012

Nov 21, 2012, 7:48:11 PMArticle by Georgi Georgiev
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November 21 (SeeNews) - The International Monetary Fund said on Wednesday the good progress made by a recent mission to Bosnia and Herzegovina has paved the way for a likely first review of the country's stand-by arrangement by the end of the year.

IMF eyes review of stand-by deal with Bosnia by end-2012

“The mission made significant progress, and reached understandings on the government budgets for 2013 and the structural reforms aimed at strengthening public finances, preserving financial stability, and improving the business environment," mission head Ron van Rooden said in a statement issued after a November 7-20 staff visit to Sarajevo and Banja Luka.

"The mission expects to resolve outstanding issues in the coming days, which would pave the way for consideration of the first review of the SBA by the IMF Executive Board before year-end,” the statement said.

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