Europe

Bosnia Herzegovina gets financial assistance from EU

Disbursement of around $145 million aims to help in response to economic impact of COVID-19 pandemic, says EU

Mustafa Talha Öztürk   | 08.10.2021
Bosnia Herzegovina gets financial assistance from EU

BELGRADE, Serbia

The European Union on Friday disbursed €125 million (around $145 million) in macro-financial assistance (MFA) to Bosnia and Herzegovina.

“This disbursement is part of the €3 billion [around $3.5 billion] emergency MFA package for 10 enlargement and neighborhood partners, which aims to help them respond to the economic impact of the COVID-19 pandemic,” the bloc said in a statement.

The financial support “represents an important act of solidarity with the people of Bosnia and Herzegovina,” said Paolo Gentiloni, EU commissioner for economy.

“It is an important contribution towards repairing some of the economic and social damage inflicted by the COVID-19 pandemic,” he added.

MFA support is provided through loans at more favorable payment terms than loans that a country can normally obtain from global markets.

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