Bosnia to demand new agreement with IMF

Prime Minister Vjekoslav Bevanda said Bosnia decided to start negotiations for a new arrangement with the IMF.

Bosnia will ask the International Monetary Fund (IMF) for a new loan deal, the country’s Fiscal Council decided on Wednesday after it met the IMF’s key demand to agree on a three-year budget framework.

In 2008, Bosnia signed a 1.1 billion euro standby deal with the IMF  but it was frozen in October 2010 over delays in reforms.