EBRD announces support programmes to repair flood damaged Balkan infrastructure

摘要

The European Bank for Reconstruction and Development (EBRD) is intensifying its efforts to help Bosnia and Herzegovina overcome the damage caused by the floods in May this year. The Bank presented a new range of financial support programmes at a donor conference, where the official flood damage assessment report was also unveiled. Devastating flooding hit the Balkans in May 2014, causing loss of life and forcing thousands to leave their homes across the region. According to the new report 'Bosnia and Herzegovina Recovery Needs Assessment', the damage to the Bosnian economy is now estimated at €2.03 billion ($2.6 billion). In a move designed to help Bosnia and Herzegovina accelerate its recovery from this severe damage, the EBRD is ready to extend and reallocate funding to the public and private sectors. Up to €58 million ($75 million) can be made available to the public sector subject to request by the authorities and approval by the EBRD. In addition, up to €100 million ($129.4 million) of financing for small and medium-sized municipalities will be available from the Municipal Infrastructure Development Fund.