Authorities of the Federation of Bosnia & Herzegovina at last moment managed to agree with representatives of the IMF and the World Bank about legal measures for budgetary savings, and to fulfill conditions for giving the entity a credit tranche of about 170 million Euros.

If the arrangement had failed neither the Republic of Srpska nor B&H institutions would have obtained the loan, although they had fulfilled the conditions for drawing the funds much earlier.

At the end of last week Bosnia & Herzegovina avoided at last moment a close chance of financial collapse, since authorities of the B&H Federation had somehow managed to agree with representatives of the IMF and the World Bank about legal measures for budgetary savings..

Namely, the entity fulfilled conditions for obtaining a loan tranche of about 170 million Euros and in that way fill a large hole in its budget.

If the arrangement had failed neither the Republic of Srpska nor B&H institutions would have obtained the loan, although they had fulfilled the conditions for drawing the funds well before the Federation.