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Parl. parties for ratification of deal with IBRD on EUR 31 million loan for social care system reform

ZAGREB, Nov 16 (Hina) - The Croatian parliament on Wednesday morningdiscussed a bill ratifying an agreement with the International Bankfor Reconstruction and Development aimed at the reform of Croatia'ssocial care system.
ZAGREB, Nov 16 (Hina) - The Croatian parliament on Wednesday morning discussed a bill ratifying an agreement with the International Bank for Reconstruction and Development aimed at the reform of Croatia's social care system.

The ratification was supported by all the clubs of parliamentary parties, that expressed confidence that the loan of 31 million euros would help the entire project, which will cost 45.6 million euros.

The repayment period is 15 years with a grace period of three years.

The Swedish International Development Agency (SIDA) will also donate the project with 1.6 million euros, while the Croatian government is expected to ensure an additional 14 million euros for this purpose in the next five years.

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