04/03/2011 – IPA, PUBLIC SECTOR REFORMS CRUCIAL FOR RECOVERY
The reforms of the public sector and the observance of the agreements with the International Monetary Fund (IMF) will be crucial for economic recovery of Bosnia and Herzegovina. The economy could grow by 2.2% in 2011 thanks to the resumption of foreign demand, according to the forecasts of the European Bank for Reconstruction and Development. However, the country’s sustainable growth is also at stake. The European Union will allocate 92 million euros in aid, which will be used for infrastructure projects and for the development of reforms. Part of these funds, allocated in the framework of the EU Instrument for Pre-Accession Assistance (IPA), will be used in the water sector, in projects against corruption and to strengthen legal institutions and the police force.
Source: Vecchio sito IPA