MEMORANDUM OF UNDERSTANDING ON TECHNICAL ASSISTANCE TO BOSNIAN PUBLIC FINANCES SECTOR SIGNED

SARAJEVO, Bosnia (April 12,2008) – The Bosnian Parliament's House of Peoples and House of Representatives’ presidents of finance and budget commissions Dusanka Majkic and Sadik Bahtic and Ambassador of Great Britain to Bosnia Matthew Rycroft signed in Sarajevo yesterday Memorandum of Understanding and Technical Assistance that British Government’s International Development Department has been providing for the Bosnian public finances sector.

The project is aimed to strengthen capacities for supervision over public finances.

Ambassador Rycroft also welcomed the decision on adoption of police reform bills at the House of Representatives.

”By adopting amendments that are very important in relation to the fulfilment of the three EU principles, Bosnia has now an open road to signing of the Stabilisation and Association Agreement (SAA) between Bosnia and the European Union”, Ambassador Rycroft emphasized.

In that sense, he urged the Bosnian Parliament’s House of Peoples to follow the House of Representatives’ example and adopt the laws necessary for signing of SAA.

The Bosnian Parliamentary Assembly’s representatives Bahtic and Majkic thanked Ambassador Rycroft for his engagement in the process of adoption of police reform bills and for support of the British Government via International Development Department for the Bosnian public finances sector.
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