EU to allocate EUR 1.5 bn for Bosnia's reforms

The Head of the Delegation of the European Union to Bosnia and Herzegovina, Ambassador Lars-Gunnar Wigemark, said on Friday that the European Union would set aside three billion euros in the next three years for the implementation of reforms in Bosnia and Herzegovina plus an additional 500 million euros for vital infrastructure projects.

After failed attempts to mediate political changes, the European Commission has designed specific socio-economic measures as part of the Reform Agenda and in order to help implement measures envisaged by the Agenda, the EU has pledged financial support in the amount of 1.5 billion euros.

“We are seeing how both the BiH Council of Ministers as well as RS (the Serb entity) and FBiH (the Croat-Bosniak Federation) are taking real steps to boost the economy. For the first time in many years, the country is also moving closer to the EU, as meaningful progress on the Reform Agenda is one of the main criteria for submitting an application for membership," the ambassador said.

"The EU is not trying to centralise this country or change its constitution. We respect the competences of all levels of government. We simply appeal to your politicians to work together for the common good, and I think they are doing so. Moving closer to European standards of economy and good governance are in the interest of everyone. It is a win-win situation.”

After meeting with this Swedish diplomat, Bosnian Prime Minister Denis Zvizdic and the prime ministers at the entity levels -- Zeljka Cvijanovic and Fadil Novalic -- confirmed commitment to reforms and expressed optimism about a possibility for Bosnia and Herzegovina to submit an application for membership in the 28-strong European bloc by the end of the year.

Last update: Tue, 08/12/2015 - 12:32
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