Bosnia Unlocks $1.1b of IMF, EU Funds
Bosnia Unlocks $1.1b of IMF, EU Funds

Bosnia Unlocks $1.1b of IMF, EU Funds

Bosnia Unlocks $1.1b of IMF, EU Funds

Bosnia’s national parliament passed a long-delayed law on Friday that should unlock about €1 billion ($1.18 billion) of funding from the International Monetary Fund, the EU and other international lenders. The law raising road-toll fees and excise taxes on bio-fuel was passed by 22 votes to 20 by the 42-seat parliament, Reuters reported. Opposition parties voted against, saying it would raise other costs for citizens. They had blocked a previous draft law last year that would have increased excise taxes on fuel to pay for road-building, demanding more transparency in the allocation of monies raised so that the government could not channel them into general budget spending. Addressing the opposition concerns, the government made changes to the legislation lifting road-toll fees and excise taxes just on bio-fuel and bio-liquid, and clarifying that proceeds will be used exclusively for road construction. EU Enlargement Commissioner Johannes Hahn praised the adoption of the law in a tweet as a “critical step to secure infrastructure investment and international aid.”


Short URL : https://goo.gl/GV3k5x
  1. https://goo.gl/fkevDg
  • https://goo.gl/xF1edC
  • https://goo.gl/3xgeso
  • https://goo.gl/ws7Vmi
  • https://goo.gl/BvKALV

You can also read ...

Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Optimistic Outlook for Scotland’s Economy
Scotland’s economy could recover this year, but businesses are...
World Shares Snap Five-Day Losing Streak
World stocks steadied near three-week lows on Wednesday and...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Egypt to Get $2b From IMF in July
Egypt is set to be given the fourth $2 billion tranche of the...
Emmanuel Macron (L) and Angela Merkel in Meseberg, Germany, Tuesday.
Members of Chancellor Angela Merkel’s conservative bloc...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...

Add new comment

Read our comment policy before posting your viewpoints