Friday, November 30, 2007

BOSNIAN MINISTER OF FINANCE DRAGAN VRANKIC MET WITH IMF DELEGATION

SARAJEVO, Bosnia (November 30,2007) – The Bosnian Miniser of Finance Dragan Vrankic had a meeting with a delegation of the International Monetary Fund (IMF), lead by Director Executive Dimitri Demekas and IMF Resident Representative in Bosnia Graham Slack.

Demekas and Vrankic expressed concerns over the non-functioning of fiscal coordination of Bosnia, which can lead to fiscal instability and increase of deficit in the following years, for there are tendencies of the budget liabilities increase and social funds’ provision.

Vrankic thanked the IMF Director Executive for past cooperation and help he has provided for Bosnia.

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