SARAJEVO, Bosnia (October 23,2008) - There is no risk concerning the USD 240 million worth of projects the World Bank plans to fund in Bosnia, it was concluded yesterday in the first joint meeting between the World Bank’s representatives and members of the Bosnian government.
Bosnia's Prime Minister Nikola Spiric said that, out of the total 15 projects, 12 are credit arrangements and three will include grants. 13 projects are already effective, and for the remaining two contracts have yet to be signed, he explained.
The two sides agreed that procedural improvements need to be made and the Public Procurement Act amended, because it often slows down the process.
Spiric could not say who is responsible for Bosnia not using the funds for the prevention of the bird flue, but said that the Bosnian government would attempt to redirect the money to fight Q fever and brucellosis.