World Bank lending 138.4 mln euro to Bosnia for healthcare, air quality projects

The World Bank signed agreements with the Bosnian government to provide 138.4 million euro ($151 million) in loans for projects to improve the country's healthcare system and air quality, the country's ministry of finance and treasury said.

The World Bank will provide 92.3 million euro for investments aimed at improving Bosnia's healthcare system, the finance ministry said in a press release on Wednesday.

Some 55.38 million euro of the funds will be provided for projects in the Federation, whereas the remaining 36.92 million euro will be disbursed to the Serb Republic. The loan has a repayment period of 18 years, including a grace period of five years.

Under a separate agreement, the World Bank will provide a loan of 46.1 million euro to Bosnia's Federation, to finance projects to lower air pollution in Sarajevo, Tuzla, Zenica and Mostar.

The repayment period of this loan is 31 years, including a grace period of eight years.

The Federation and the Serb Republic are the two autonomous entities that form Bosnia and Herzegovina