EU Considering Assistance to B&H – EUR 50 Million Planned for Economic Recovery from Coronavirus

The EU is considering two ways to assist B&H, including quick support in provision of up to EUR 7 million worth of medical equipment and mid-term adjustment and enforcement of EU support in the amount of up to EUR 50 million for the economic development programs.

EU Ambassador to B&H Johann Sattler stated that the European Union had stood beside Bosnia and Herzegovina in difficult times before, as it had with the floods recovery assistance in 2014, the EU Delegation to B&H announced.

– For the urgent action, we are in contact with UNDP/WHO on the list of priority medical equipment that could be procured rapidly. This involves supplies to hospitals, etc. We are also preparing for releasing resources of up to EUR 5 million for the same purpose to be available at a later stage, once B&H countersigns the IPA 2020 Financing Agreement.

In cooperation with partners, the EU is also working to adjust the ongoing and planned economic development programs/ projects (such as the programs targeting businesses, agriculture, as well as small and medium-sized enterprises) to mitigate the consequences of COVID-19 for the B&H economy.

Johann Sattler

coronavirus

covid 19

economic consequences of coronavirus

aid to Bosnia and Herzegovina