SARAJEVO (Bosnia and Herzegovina), October 13 (SeeNews) – The Saudi Fund for Development has extended a 13.2 million marka ($8.0 million/6.7 million euro) loan to Bosnia's municipality of Stari Grad Sarajevo, the mayor said.
The loan will be used for the purpose of investing in capital projects, mayor Ibrahim Hadzibajric said on his Facebook page earlier this week.
Hadzibajric did not provide any further information.
Municipality of Stari Grad Sarajevo is the oldest and most historically significant part of Sarajevo, the capital of Bosnia and Herzegovina.
(1 euro=1.95583 marka)