Thursday, July 31, 2008


SARAJEVO, Bosnia (July 31,2008) - In the first six months of this year, the external debt of Bosnia, supervised by the Bosnian Council of Ministers and the Bosnian Ministry of Finance, dropped bellow 4 billion Bosnian Marks.

According to the data provided by the Bosnian Central Bank, the debt amounted to 3.9 billion Bosnian Marks or approximately 2 billion Euros. Bankers, relevant Ministry, and economic analysts generally agree that the sum of Bosnia's external debt is not very high.

Even more favourable are the terms of payment, since these are long-term loans with minimal interests, ranging form 0.75 to 1.5 percent, and a deferral period of up to 10 years.

Bosnia owns the most to the World Bank; this debt encompasses 45 percent of all its obligations; this is followed by 1.1 billion Bosnian Marks it owes to the Paris Club and the London Club. Larger debts also include the one to the European Investment Bank, which exceeds 200 million Bosnian Marks.

1 comment:

Anonymous said...

bosnia is tehe better country in the world....
we will recover of all our problems..