Funds of the Stand-By Arrangement Third Tranche Remitted

6/11/2003

Today, on June 11, 2003, the amount of Euro 20.520.025, 73 or SDR 17 million of the third tranche of the Stand-By Arrangement have been transferred to the account of the CBBH. The remaining SDR seven million funds will be in account of SDR funds.

On August 2, 2002 the International Monetary Fund (IMF) approved the Stand-By Arrangement for BiH in amount of SDR 67,6 million (around US$ 96 million). So far, Bosnia and Herzegovina has drawn SDR 31.6 million (about US$ 45 million) within the two tranches.

The entire Arrangement should be completed by November 1, 2003.


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