July 20 (SeeNews) - The World Bank said it has approved a new country partnership framework with Bosnia and Herzegovina for the next five years which includes loans totalling $750 million (732.3 million euro).
The 2022-2026 framework will focus on supporting the country's sustainable recovery from the impact of the Covid-19 pandemic, as well as reforms to back new job openings and a greener and more inclusive economy, the World Bank said in a press release on Tuesday.
The new partnership framework will offer advisory and financial support to Bosnia and Herzegovina so that the country can implement reforms to return to economic growth and open new jobs, the global lender said.
Furthermore, the International Finance Corporation (IFC) will work on providing private capital in key sectors, while Multilateral Investment Guarantee Agency (MIGA) will provide loan guarantees, the World Bank said. Both IFC and MIGA are part of the World Bank Group.
($ = 0.9764 euro)