IMF completes second and third reviews under Stand-By Arrangement with Bosnia and Herzegovina, approves €132.8 million disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the second and third reviews of Bosnia and Herzegovina's economic performance under a program supported by a 36-month Stand-By Arrangement (SBA). The completion of the reviews enables the immediate disbursement of an amount equivalent to SDR 118.37 million (about €132.8 million or US$187.1 million), of which the authorities intend to draw SDR 33.82 million, bringing total disbursements under the program to an amount equivalent to SDR 338.2 million (about €379.4 million or US$534.6 million). In completing the review, the Executive Board approved request for waiver of nonobservance of continuous performance criterion on the accumulation of domestic payment arrears and waiver of applicability of the end-September 2010 performance criterion on net bank credit to the government.

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