Visit of representatives of the Swedish Government

Visit of representatives of the Swedish Government

On January 31, 2018 Representatives of the Swedish government visited the Banking Association of BiH.

The reason for the visit was to inform the Banking Association about the planned possibility of providing guarantees by SIDA (Swedish International Development and Cooperation Agency) in cooperation with banks, with the aim of improving and facilitating access to finance for companies when implementing small projects, mostly in the following sectors: health, environment, sustainable infrastructure, education, democracy and human rights, as well as market development.

Projects and partners are expected to operate in accordance with high global standards of social and environmental responsibility.

The guarantee represents SIDA's obligation to secure the claim of L/G beneficiary and is based on previously agreed terms and conditions that meet the SIDA's development objectives as well as the objectives of the L/G beneficiaries for which the project is financed. The guarantee of SIDA is a sovereign guarantee, with the support of the Swedish Government. Representatives of the Swedish government announced a continuation of the talks aimed at realization of the project.