The BiH Central Bank said that the IMF on Thursday transferred a $381 million loan to BiH, despite the fact that the BiH Council of Ministers has not yet formally approved borrowing plans to address the coronavirus crisis.
Bosnia’s central cabinet said on Monday that Bosniak, or Bosnian Muslim, cabinet ministers had delayed approval of the plans over demands they meet local requirements on borrowing, debt and guarantees by the state.
On Tuesday, Finance Minister Vjekoslav Bevanda called the demands unacceptable and said they could indefinitely delay the disbursement of funds approved under the IMF’s Rapid Financing Instrument.
