According to BalkanInsight, the EU has begun the process of “redirecting” funds that were earmarked for the BiH Instrument for Pre-accession Assistance (IPA), after Federation leaders failed to meet last week’s deadline for an agreement on EU “road map” items.
Andy McGuffie, head of communications with the EU delegation to Bosnia, told Balkan Insight that Bosnia would not now be getting around half of the Instrument for Pre-Accession Assistance (IPA) funds that it had previously expected.
“The procedure has been started to redirect about 47 million euro of financial assistance that was heading to Bosnia and Herzegovina in the IPA 2013 programme,” McGuffie said.
He explained that it would be difficult to justify approving financial assistance to a country which has made no progress on its EU membership path.
EU officials have also previously warned that it may not recognize the results of BiH elections held before the Sejdic-Finci issue is resolved.
