Bosnia seeks 39 million euro loan from IBRD for employment project

SARAJEVO, Bosnia and Herzegovina, February 25 (SeeNews) – The Council of Ministers of Bosnia and Herzegovina has announced that it has approved a proposal to enter into a 39 million euro ($43.6 million) loan agreement with the International Bank for Reconstruction and Development (IBRD) for a project to increase employment in the private sector.

Under the proposed agreement, the country’s largest entity, the Federation, will receive 25 million euros, while the Republic of Serbia will receive 14 million euros for the implementation of the project, the Council announced on Thursday. ministers in a statement.

The project will focus on increasing employment among citizens under 30, people who find it difficult to find a job due to their age and insufficient qualifications, vulnerable categories, women, as well as people looking for their first job.

The maximum loan repayment period is 32 years, while the grace period is seven years, the statement said.

The number of registered unemployed in Bosnia and Herzegovina was 375,804 in December, down 9.1% year-on-year, the National Statistics Agency announced earlier this month.

Bosnia has about 3.5 million inhabitants, according to the last census of 2013.

($ = 0.8948 euros)

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