![\"IMF\"](\"http:\/\/prizrenpost.com\/en\/wp-content\/uploads\/2014\/05\/IMF.png\")
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The budgets of Bosnia’s two entities face trouble since a planned tranche of money from an IMF stand-by arrangement was blocked.<\/p>\n
Nermin Niksic, Prime Minister of the Federation of Bosnia and Herzegovina, one of Bosnia’s two entities, on May 5 warned that the entity budget faced a crisis due to the cancellation of an expected tranche of IMF money.<\/p>\n
The IMF representative to Bosnia, Ruben Ayotan, blamed Bosnia’s failure to adopt key laws for the blockage of the cash. <\/p>\n
With the stand-by arrangement now stalled, fresh meetings between politicians and the financial institution are expected later this month.<\/p>\n
Niksic said the Federation entity government will meantime review the budget and try to make up for the missing money, which had been expected this month.<\/p>\n
\u201cThis will mean finding suitable sources of planned revenues through the emission of additional bonds, treasury bills and accumulated revenues of public companies,\u201d Niksic said.<\/p>\n
He insisted that the entity \u201cwill not increase its debts and will guarantee fulfilment of budget obligations\u201d.<\/p>\n
The government of Republika Srpska, Bosnia’s other entity, earlier announced that it would make up for the missing money with a Russian loan. However, it did not spell out what kind of credit this would be and under what conditions it would be taken. <\/p>\n
Zeljka Cvijanovic, Prime Minister of Republika Srpska, said some of the conditions set by the IMF were too strict but it would still be good to have the arrangement.<\/p>\n
She said that the entity would adopt a new Labour Law, which was one of the conditions set by the IMF, following consultations with the trade unions. <\/p>\n
Bosnia and Herzegovina agreed the two-year stand-by arrangement, worth some 400 million euro, in 2012.<\/p>\n
The money was to divided in several tranches, which were to be given out following a number of agreed reforms.\/balkaninsight\/<\/p>\n","protected":false},"excerpt":{"rendered":"
The budgets of Bosnia’s two entities face trouble since a planned tranche of money from an IMF stand-by arrangement was blocked. Nermin Niksic, Prime Minister of the Federation of Bosnia and Herzegovina, one of Bosnia’s two entities, on May 5 warned that the entity budget faced a crisis due to the cancellation of an expected […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,30],"tags":[98],"class_list":["post-921","post","type-post","status-publish","format-standard","hentry","category-economy","category-30","tag-imf-cash-delay-threatens-bosnian-budgets"],"views":739,"_links":{"self":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/comments?post=921"}],"version-history":[{"count":1,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/921\/revisions"}],"predecessor-version":[{"id":923,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/921\/revisions\/923"}],"wp:attachment":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/media?parent=921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/categories?post=921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/tags?post=921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}