EC: No money for BiH's RS entity if officials don't return to state institutions

NEWS 28.03.2022 10:34
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Source: Foto: N1/Ilustracija

Bosnia and Herzegovina will probably attract fewer EU funds in the coming years without fully functioning state institutions, the European Commission (EC) told N1.

In February, EU enlargement commissioner Oliver Varhelyi pointed out the possibility of 600 million euros intended for Bosnia’s Republika Srpska (RS) entity being blocked due to the deadlock in the country. The money would only be sent when state institutions are functional.

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On March 10, however, the entity prime ministers in BiH said after a joint meeting as they have not received information about any of the money being blocked.

The EC told N1 that it received applications through the Investment Framework for the Western Balkans (WBIF) from Bosnia and Herzegovina for the first investment package for its Economic Investment Plan. These applications for IPA funding include investments for road and rail connections on Corridor Vc, located in the territory of Republika Srpska.

The EC said it intends to sign appropriate contribution agreements for the 600m-euro investments only after the political crisis is over and officials from the RS return to state institutions.

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