WORLD BANK GRANTS TWO CREDITS TO BOSNIA-HERZEGOVINA

( Editorial: --> 5220 ) WASHINGTON, May 20 (Hina) - World Bank's executive directors' committee granted two new credits to Bosnia-Herzegovina at a session in Washington. The credits total US$30 million. The first credit will be used to reconstruct the electric power system in the country, and the second is intended for stimulating small and middle scale businesses in Republika Srpska. The World Bank stressed on Wednesday that it expected from authorities in Banja Luka to urgently reorganise the banking system and privatisation of companies. Both credits are interest-free, granted for 35 years with a grace period of ten years and service expenses at 0.75 per cent. A World Bank report said that credits had been granted based on the conclusions of a donors' conference for Bosnia-Herzegovina held in Brussels at the beginning of May. It expected countries, participants at the donors' conference, to reach similar decisions, which Sweden and Great Britain have already announced to do. (hina) lm 201141 MET may 98