Dec. 28 (Bloomberg) -- Representatives of Bosnia’s three main ethnic groups agreed on forming a central government, 14 months after elections, Tanjug news agency reported, citing a Croat leader, Dragan Covic.
The Cabinet comprising ethnic Muslims, Serbs and Croats will be headed by a yet-to-be-named Croat representative, the Belgrade-based newswire said.
The end of political deadlock opens the way for an agreement on the 2012 budget, holding a national census and possible further integration with the European Union, the newswire reported.
Standard & Poor’s on Nov. 30 lowered Bosnia’s long-term foreign-currency sovereign-credit rating to B from B+, citing political disputes that prevented the formation of a government.
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