Bosnian exports rebounding

For the first time since they started dropping in January 2009 (yoy), exports have rebounded and grown for two consecutive months in January and February.

Jan-Feb exports were up 17% (yoy), but they are still 9% below where they were during the same months in 2008. By industrial groupings, export growth was strongest in the energy sector (33%), intermediate goods (32%) and durable consumer goods (22%). On the other hand, exports of capital and non-durable consumer goods were down 16% and 2% respectively. Export growth is observed across all traditional BH industries: electric power, steel, aluminum, furniture, as well as primary agricultural products.

Imports continued dropping, reflecting tight credit and indicating still weak investment. Jan-Feb imports dropped 6% (yoy) and they were 28% lower than during the same months in 2008.

Sarajevo Waste Water Project gets funding

The World Bank’s Board of Executive Directors today approved Sarajevo Waste Water Project.

The objective of the Sarajevo Waste Water Project for Bosnia and Herzegovina is to improve the living conditions of populations in the areas covered by the Sarajevo Water and Waste Water Company and in downstream riverside communities by: (a) reducing the populations' exposure to, and reliance on highly polluted water from the Miljacka and Bosna rivers; and (b) improving the efficiency of the waste water collection network in the Sarajevo Canton. There are three components to the project. Component A is high priority infrastructure rehabilitation. This component will finance priority investments for rehabilitation of waste water infrastructure in the Sarajevo Canton. Component B is the institutional development support. This component will finance technical assistance (TA) to the Sarajevo Water and Waste Water Company (VIK) for capacity building and institutional strengthening. Component C is the project management. This component will support project implementation by the Project Management Team (PMT) and Project Implementing Team (PIT).

IBRD Loan: US$35 million

Terms: Maturity = 25 years; Grace Period = 5 years

Project ID: P090675