ZAGREB, July 14 (Hina) - The Croatian Finance Ministry said on Friday Croatia had agreed on conditions for a World Bank loan of US$13.9 million to build and equip four border crossings and customs offices between Croatia and
Bosnia-Herzegovina. The final decision on the loan, agreed on Thursday in a Zagreb-Washington video conference, will be made by the World Bank's board of directors on October 17. Debt servicing would be 15 years, with a five-year grace period, and an interest rate of 5.14 percent. The loan refers to a project Croatia is competing with in a World Bank programme facilitating trade and inter-state traffic in Southeast Europe. Other projects come from Bosnia-Herzegovina, Macedonia, Albania, Bulgaria, and Romania. According to Katarina Bakija, head of Croatia's Customs Administration, the loan would be used to build border crossings in Slavonski Brod, Gunja, Maljevac, and Samac, wi
ZAGREB, July 14 (Hina) - The Croatian Finance Ministry said on
Friday Croatia had agreed on conditions for a World Bank loan of
US$13.9 million to build and equip four border crossings and
customs offices between Croatia and Bosnia-Herzegovina.
The final decision on the loan, agreed on Thursday in a Zagreb-
Washington video conference, will be made by the World Bank's board
of directors on October 17. Debt servicing would be 15 years, with a
five-year grace period, and an interest rate of 5.14 percent.
The loan refers to a project Croatia is competing with in a World
Bank programme facilitating trade and inter-state traffic in
Southeast Europe. Other projects come from Bosnia-Herzegovina,
Macedonia, Albania, Bulgaria, and Romania.
According to Katarina Bakija, head of Croatia's Customs
Administration, the loan would be used to build border crossings in
Slavonski Brod, Gunja, Maljevac, and Samac, with state-of-the-art
equipment.
The United States government should join the World Bank loan with a
donation of US$1.9 million exclusively for the technical and
technological modernisation of customs operations.
(hina) ha