EBRD Leads Bid to Drive Recovery in Flood-Hit Balkans
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The European Bank for Reconstruction and Development offered as much as 458 million euros ($619 million) in aid to Bosnia-Herzegovina and Serbia after the worst flooding in a century tipped both back on the path to recession.
The London-based lender will make as much as 300 million euros available to Serbia and 58 million euros to Bosnia to repair infrastructure, it said in an e-mail as donors gathered in Brussels to raise additional funds. Both countries can tap funds from regional Infrastructure Development Fund of 100 million euros, it said.