19:01 / 12.01.2022.

Author: Nikola Badovinac

EU halts pandemic aid payment to Bosnia and Herzegovina

Bosnia and Herzegovina

Bosnia and Herzegovina

Foto: Armin Durgut / Pixsell

The European Commission has suspended the payment of 125 million euros to Bosnia and Herzegovina to help its entities recover from the consequences of the coronavirus pandemic

According to the HINA news agency, the information was confirmed after a warning from Brussels earlier this week of possible sanctions in response to negative, divisive and inflammatory rhetoric used during celebrations marking the 30th anniversary of the establishment of Republika Srpska on January 9th which the country's Constitutional Court has declared illegal.

The European Commission and authorities in Bosnia and Herzegovina had signed an agreement in December 2020 on an aid package worth 250 million euros. Half of the amount was paid out in 2021 while the remainder was to have been disbursed this month. This, however, did not happen and it is uncertain whether the money will be paid out at all.

Representatives from the EU Delegation said the second part of the aid package had been suspended based on the criteria of conditionality requiring steps to be taken with regard to economic governance, institution building, stability of the financial sector, transparency, the fight against corruption and a better functioning of the labor market.

The EU will assess compliance with the conditions for the award of macro-financial support in the coming months, the EU Delegation explained.

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