Federation Finance Minister Jelka Milicevic told press that her government “will have to find alternatives” to fund its budget, now that the IMF has aparently decided not to deliver any further tranches of a previously agreed loan to BiH. IMF delegates were in BiH last week, but left without concluding a new arrangement.
“It is clear now that we will have to solve big problems without IMF. The budget rebalance will go towards reducing costs, i.e. transfers and capital transfers”, Milicevic told Dnevni Avaz daily.
She said authorities will be forced to conduct reforms and cuts.
