BREAKING NEWS

IMF approves $78 million disbursement to Bosnia

By REUTERS

DECEMBER 20, 2012 03:58

WASHINGTON - The International Monetary Fund's board on Wednesday gave the nod to a $78 million disbursal to Bosnia, saying the country was on track with most of the conditions of its stand-by loan.

"The Fund-supported program continues to provide a valuable anchor for economic policy amid a difficult external and domestic environment," the IMF's deputy managing director Minouche Shafik said in a statement after the fund's first review of the program.

The IMF also gave Bosnia's central government a waiver for not meeting its fiscal deficit target by the end of September.

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